It seems IAG is a cyclical stock with huge market share. It seems a no brainer, that you buy when the SP is low (now or wait until it gets lower, and then just wait 2-4 years for it to go up, and then just sell when it matches historical highs. can double money over 3-4 years just based on the cycle?
but i think it still will drop further. I will wait for it to test and retest lows.
Any other thoughts on this cyclical investment approach? buy when investment return % is low and net preimum is low (earnings is low), then just wait for a good year. Its not like IAG is going to have too much of a drop in top line revenue. Insurance is always needed.
It seems IAG is a cyclical stock with huge market share. It...
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Last
$6.96 |
Change
0.030(0.43%) |
Mkt cap ! $16.49B | |||
| Open | High | Low | Value | Volume |
| $6.97 | $6.99 | $6.93 | $31.96M | 4.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22751 | $6.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.98 | 26448 | 4 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |