Unfortunatley the risk still appears to the downside. The market hates uncertainty and until there is some resolution re the "Medicare Review" issue the s/p is likely to weaken further - irrational though it may be. There is also the danger that one of those stock tip publications may decide to tell subscribers to sell and lock in profits if protracted weakness continues. It's a pity that such a "good" stock is subject to such market whims.
The best scenario would be for a speedy end to all of the uncertainty but I suspect that it's going to drag on do a good while. Might be some good buying opportunities ahead if it descends into the 40's
Unfortunatley the risk still appears to the downside. The market...
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $335.8M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.5¢ | $676.8K | 2.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 325773 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 459998 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |