depends on your timeframe for buying. Many value investors are buying at these levels cos theres often up to a 30% price discount to fair value.. but price may fall more, so why rush in.. I'm inclined to wait again now.. I bought in big time at the lows last week, then sold off quite a lot into the rally so cash holdings are high again.. my sense is that the weight of macro evidence favours further falls on xjo.. eg. rba dickheads, more losses yet to come on wall st banks this year, technicals haven't yet turned around from a downtrend..
is it time to buy or more pain, page-4
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Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |