Hedge funds caused the fall in the us it triggered a Tsunami of selling by all n sundry
What happnes is the FOMOS sniff a bargain and pile in market rebounds -Dead Cat Bounce time will tell we will know in the next two weeks -if its a genuine bounce or the hedge funds are about to launch the big short on the US markets
The very hedge funds with billions at their disposal come in and smash markets down causing another wave of selling -after the euphoria of DCB -History tells us that after out of the blue big impulsive falls.
I would be very cautious about this dead cat bounce in the US- valuations are nuts over there and we have a over heated bond market aVix that is all over the shop.
2018 could be a rough year for markets after a 7 yr bull run in the US -however the very good stocks like A2 will always be bought on the falls despite what the market does
We saw this in the GFC with a stock like JBH it just kept reporting growth and kept going up while everything was getting smashed.
Point is great stocks can go up in any market- A2 looks pretty bullet proof at this stage.
Half Yearly Results, page-36
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Last
$6.77 |
Change
0.190(2.89%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.64 | $6.80 | $6.62 | $8.993M | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5191 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 2584 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |