Someone said at the start of the year that it would be a stock picker's market and that's the way it's turning out.
I can see why some stocks have rallied, a crowded trade in stocks like A2M which have cash and can continue to maintain and even build profits during this period. I can even see why a few other sectors have started to show some life as China recovers or because they've been sold off massively and the actual impact may be more modest.
But then there's a whole bunch that have debt and/or are having their profitability smashed by this shutdown that are only going to be able to get through with government support and/or capital raisings. And many of these stocks have been rallying as well, seemingly on the assumption that the world's going to return to normal soon.
For investors in some of the worst companies in this category I think the light coming through the tunnel is a freight train in the form of their next earnings update.
h00ts A2m covid-19-technical analysis thread !, page-69
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Last
$6.35 |
Change
0.000(0.00%) |
Mkt cap ! $4.568B |
Open | High | Low | Value | Volume |
$6.30 | $6.35 | $6.27 | $1.734M | 275.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3693 | $6.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.35 | 2715 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 4803 | 6.330 |
19 | 15425 | 6.320 |
17 | 27101 | 6.310 |
13 | 18762 | 6.300 |
16 | 28372 | 6.290 |
Price($) | Vol. | No. |
---|---|---|
6.340 | 10123 | 11 |
6.350 | 8193 | 11 |
6.360 | 11616 | 10 |
6.370 | 25883 | 10 |
6.380 | 7967 | 9 |
Last trade - 11.50am 09/10/2024 (20 minute delay) ? |
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