Now that you've mentioned something concrete:
"Nickel futures really took off when Trump seriously started slumping in the polls - around 1 Oct. This is when CTM jumped from 40 something to high-60s/low-70s."
Your clear focus is the price of nickel and imply it's almost a perfect correlation with CTM's SP. But, go and take a look at all the news flow that CTM released during the last month:
It was the CTM related NEWS FLOW that took CTM to $0.70, NOT the price of nickel.
I have a longer term investment horizon so all I care about is company related FA, and every investor can see that in the last month CTM has had a TON of "price sensitive" announcements, all of which were positive in my view.
So today, I'm buying more, and will relish the chance to continue doing so if it falls further due to external global factors that have little to no bearing on the success of CTM over a 3-5 year horizon. I'm not here for a trade...
Now that you've mentioned something concrete:"Nickel futures...
Add CTM (ASX) to my watchlist
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $210.8M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 44.0¢ | 40.5¢ | $157.6K | 375.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10617 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 13031 | 4 |
View Market Depth
| Last trade - 11.53am 13/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |