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2.5¢ phoslock environmental technologies limited

I hope all you guys are donating to Newing . As if ramping his...

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hotrocker

226 Posts.

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29/08/19

14:28

Post #: 40221043
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Originally posted by chuk ↑

I was wondering why we rallied so well yesterday. I think this pull back has more to do with traders jumping in yesterday ahead of the Newing report hoping to sell for a quick profit but finding they now have to to sell at a loss after we failed to rally further.
As for the earnings being speculative, well of course they are. No more so though than BHP's earnings where you are speculating on resource prices or even Telstra's earnings where you are speculating on their maintaining their market share. Before any one says that's overstated look at the moves in Telstra's share price from $6.50 in 2015 to a low of $2.60 last year for a blue chip.
PET probably has much more stability in its sales prices than BHP and probably will have a more stable market share and less competition for what it does than Telstra has. PET's earnings will also be less affected by economic cycles - certainly compared to BHP.
By far the main speculative part is how quickly earnings will grow. To me that's a good thing to be speculating over.
I've just topped up at $1.28.

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I hope all you guys are donating to Newing . As if ramping his stocks is not enough .

PET Price at posting: $1.30 Sentiment: Hold Disclosure: Not Held
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