Im with u Ariba, unfortunatley long term in the eyes of most is 3 mths. The institutions have to be seen to be trading, pretending to make a profit for their not so smart investors.
Sure we would lose liqidity if the day traders and anyone else whom wasnt buying a business stopped buying. But i think i could live with that over the long term ie 2-3 yrs.
We buy our houses for the long term (20yrs), why should buying a business be any different?
The stats are all there for those that wish to read them. 80% of fund managers under perform the index they are trying to beat.
Day traders dont make money over the long term. Just pick up the Forbes top 100, see any day traders............
My money is on this management and those lease's and their current assets.
This is cheap buying.
Im with u Ariba, unfortunatley long term in the eyes of most is...
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Last
83.0¢ |
Change
-0.015(1.78%) |
Mkt cap ! $189.2M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 83.0¢ | $9.776K | 11.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14443 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 15000 | 1 |
View Market Depth
| Last trade - 15.59pm 18/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |