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0.57%

$34.97 resmed inc

you have ~600k in a single stock?!

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Paull198585

333 Posts.

9

28/01/19

10:16

Post #: 37240627
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Originally posted by Wobbellee ↑

Yes I think that's right.

RMD is oversold for now but it should recover and appreciate over the next 1-3 years, imho and dyor. RMD ususally trades with a relatively high PE and after the SP fall last week, RMD had a PE of 30.8 (which is about twice the market average). The high PE is based on very positive growth predictions and upbeat assumptions, so any short-term hiccups, generally means the SP gets hammered. I've seen this happen several times over the past I5 years. I lost $70k on Friday, which hurts, a lot, but I'm not panicked. It will recover.

This stock is not typically played by day-traders, except of course for the short sellers, who often get burned and cause the SP to spike upwards. Short sellers are attracted to RMD because of its high PE, and for the big falls in SP that take place after any (even trivial) bad news. I can't find too much info about short-selling volumes in RMD, but leading up to Fridays earnings announcement there wasn't much stock reported as short (if I'm reading these lists correctly):
https://www.asx.com.au/data/shortsell.txt
https://asic.gov.au/Reports/Daily/2019/01/RR20190121-001-SSDailyAggShortPos.pdf

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you have ~600k in a single stock?!

RMD Price at posting: $14.47 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $34.97		Change -0.200(0.57%)		Mkt cap ! $22.15B

Open	High	Low	Value	Volume
$34.76	$35.06	$34.58	$44.77M	1.283M

Buyers (Bids)

No.	Vol.	Price($)
1	500	$34.91

Sellers (Offers)

Price($)	Vol.	No.
$34.98	3624	3

View Market Depth

No.	Vol.	Price($)
1	500	34.910
1	275	34.840
2	1261	34.750
2	624	34.740
3	924	34.730

Price($)	Vol.	No.
34.980	3624	3
35.000	1280	5
35.100	812	2
35.170	30	1
35.200	2000	2

Last trade - 16.10pm 30/09/2024 (20 minute delay)

RMD (ASX) Chart