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"Why would anybody be buying when it is so clear where the SP is...

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Zeeshan

7,640 Posts.

618

05/12/19

09:21

Post #: 41803925
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Originally posted by colinchi: ↑

I think anybody with a buy sentiment is just pulling our leg
Why would anybody be buying when it is so clear where the SP is heading.
Albermarle are telling shareholders that the over supply likely to last 18 months.
As we know companies give a best case ...so expect it will last a bit longer than that.
Shipping 15k this quarter will see cash being burnt big time.
There are no positives to be seen...unless you expect a takeover bid

Cheers

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"Why would anybody be buying when it is so clear where the SP is heading."

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yep should have bought when the price of GXY went parabolic at $4.50...as it was obviously heading up at the rates of knots.

BUY high , SELL low

genius!

GXY Price at posting: 87.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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