Guys, visit Market Index web page found here: https://www.marketindex.com.au/
There is a link which illustrates other companies in the same sector. One of these companies is CDA.
The business is as boring as watching grass grow, however, a business that has captured the attention of the market BIG FUNDS.
There are two main facts that I want to draw you guys to as followers:-
1. The Top 20 and the very high percentile of shareholders in this range.
2. The unbelievable explosion in share price in 5 years. Remember back in late December 2015, SMN's share price was around the price it is now, well guess what? So was CDA.
https://www.marketindex.com.au/asx/cda/advanced-chart
https://www.marketindex.com.au/asx/smn/advanced-chart
On the 1/07/2019 CDA broke through the resistance of $3.75 and went on a 22-month explosion in share price to a HIGH of $19.43 on 3/05/2021.
The next 19 months saw CDA share price collapse back to $3.75 on 3/12/2022
On the 3/12/2022 CDA broke through the resistance of $3.75 and went on a 19 month explosion "AGAIN" currently back to $15.50.
Let's do some basic maths. You accumulated 100,000 shares in CDA at an average of $3.50 and sold 50% at $15 on the first run.
50k x $15 = $750k = PROFIT $575k
Buy 50k @$5 x $15 = 750k = PROFIT $500k
Still holding 50k of shares with a current value of $775k
$575 + $500 + 775 = 1850k on an investment of $600k
You accumulated 100,000 shares in SMN at an average of $1.00.
In the future, all "SUBJECTIVE" of course Just putting figures out there as a case-based scenario ONLY. Not Real Just a calculation.
100k @$1 = $100k
50k sold @$5 = $250k
50k buy back @$3.50 = $175k
50k sold @$5 = $250k
$200k + 175k + $250k = 625k on an investment of 100k. Over the next 5 years (possibility) Low side figures.
Always good to have a plan and plan the trade. Just putting it out there so you guys know what is happening in the TECH sector.
- Forums
- ASX - By Stock
- News getting out there
Guys, visit Market Index web page found here:...
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
58.0¢ |
Change
-0.015(2.52%) |
Mkt cap ! $79.66M |
Open | High | Low | Value | Volume |
58.0¢ | 59.5¢ | 57.0¢ | $22.07K | 38.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 56.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 5999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.565 |
1 | 1785 | 0.560 |
2 | 10097 | 0.545 |
2 | 25703 | 0.540 |
2 | 32002 | 0.535 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 5999 | 1 |
0.595 | 2673 | 1 |
0.600 | 25000 | 1 |
0.630 | 6837 | 1 |
0.650 | 9109 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |