Just because the market was willing to pay over $1.60 a few...

First 97 Last

Share
Profile

Follow
Transplant

479 Posts.

32

26/09/19

13:05

Post #: 40586427
Share

Originally posted by Patisonit: ↑

'you know what they say about catching a falling knife'

Yes, it's extremely lucrative if you know what you're doing. I do it all the time

Now, just so you are all aware, the biggest volumes on Friday were chomped up by top instos @ an average price of 98-99c (you can get access to these reports yourself). I would suggest you all take this current negativity with a pinch of salt as I doubt they would spend millions if there were cause for concerns - their risk profiles would not allow it

But if that doesn't soothe your worries, have a dig in the current estimates for future earnings and run those numbers by sector averages and then tell me $1 is expensive

I don't often put a buy sentiment (just check my previous posts in other threads) and I wouldn't if I was still accumulating, but I'm done - so there you go

Expand

Just because the market was willing to pay over $1.60 a few weeks ago does not make $1.00 a great buy.
IMO $1.00 is only value as long as you are holding LT, but given the revenue and profit numbers, $1.00 is overvalued right now.
4 months ago hardly anyone knew about ISX and AFR didn't care when ISX got it's European banking licence.
ISX has a great future, but it is in the future.
To those pumping up the SP now I would say they are desperately trying to recover their paper loss - we all know how that feels.

ISX Price at posting: 95.5¢ Sentiment: Hold Disclosure: Held
6 Upvote

3 Great analysis

Reply

Top Stories

EMD

Emyria's Empax Centre chosen for mental health clinical trial

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

GT1

Green Technology hands the helm to Henry

Drove autonomous wheelchair gets TGA approval

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources