Australia's largest stock trading and investment forum Australia's #1 stock forum

SRX

Click for more information

0.00%

17.5¢ sierra rutile holdings limited

On this day..., page-14

First 14 Last

Share
Profile

Follow
whytee

17,045 Posts.

2414

01/12/16

13:22

Post #: 21027806
Share

Originally posted by 6186mark ↑

cafa, whytee,

Thanks for your upbeat comments, and again to put things in perspective I have a very large holding in SRX so it is not a stock I don't like.

Also I think you both take me too seriously sometimes . But my experience in life generally is that unexpected news is more often bad news than good news, and in equities, SP movements are quicker on the downside than on the upside. Any SP chart will show you that.

Finally, I do like to challenge on this forum, I'd hate for it to become a self-reinforcing fan club for SRX, it's good to consider all points of view.

Finally the p/e ratio is still around 30, so I do think that a fair amount of good news is still priced in at these levels. The downside for me would be flat or declining dose sales which could put the p/e down to 10-15? I know that no-one on this forum thinks that that is a possibility, but..................

Expand

Clearly there are some professional traders who think this is possible (or even likely) and are playing the odds. I think they will get caught out. It has happened before with other shares like Cochlear, and they have been badly hurt.

SRX Price at posting: $27.74 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BUX

Buxton projects new graphite province discovery at WA Narryer play

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

There are more pages in this discussion • 5 more messages in this thread...

First 14 Last

Add SRX (ASX) to my watchlist