I'm buying small parcels as it drops and waiting for...

First 5 Last

Share
Profile

Follow
poppypop

1,972 Posts.

184

03/02/24

02:11

Post #: 72216484
Share

Originally posted by tessathedog: ↑

Because it’s a knee jerk reaction to the Macquarie downgrade. But if you read that report, it wasn’t actually all that negative. It noted weaker wholesale prices (which we already knew about). It wasn’t recommending a “sell”, it just downgraded from “outperform” to ”neutral” with a price target 15% in advance of where it is now.

I’ve certainly read more disturbing reports than that one! And yet the market throws up its hands and wipes 4% off the share price, really for no good reason. This after an already significant sell off which only makes sense if the numbers being reported next week are a good deal worse than what Macquarie is predicting (which is at the lower end of AGL’s actual guidance).

So long as we don’t miss that guidance, I think the stock could react well to the results announcement, as we’ve had such a significant sell off in the face of not much news at all.

Traders these days struggle to look more than 12 months ahead. They see a negative broker report, and hit the sell button. They don’t seem to care much about where a company will be in 5 years time. When such folks are keen to sell, we should oblige them.

Expand

I'm buying small parcels as it drops and waiting for strength on the buyers side before topping up big to bring down my average. My sentiment is sell even though I'm buying as it falls.

AGL Price at posting: $8.17 Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Almonty Industries – Now it is getting critical!

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

MTM

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

ASX Market Close: IT surges as Miners dumped | June 18, 2025

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $10.33		Change -0.070(0.67%)		Mkt cap ! $6.949B

Open	High	Low	Value	Volume
$10.50	$10.58	$10.30	$17.46M	1.680M

Buyers (Bids)

No.	Vol.	Price($)
2	9076	$10.33

Sellers (Offers)

Price($)	Vol.	No.
$10.34	3163	1

View Market Depth

No.	Vol.	Price($)
2	9076	10.330
1	695	10.310
9	11448	10.300
7	21710	10.290
4	18414	10.280

Price($)	Vol.	No.
10.350	1898	2
10.360	22451	6
10.370	12417	3
10.380	4795	1
10.390	4795	1

Last trade - 16.10pm 18/06/2025 (20 minute delay)

AGL (ASX) Chart

I'm buying small parcels as it drops and waiting for...

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I&apos;m buying small parcels as it drops and waiting for...

Top Stories

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I'm buying small parcels as it drops and waiting for...