Have to agree.. the selling seemed like to be ETF unloading based on a pre-set trigger event, beating revenue expectations (buy)miss revenue expectations (sell). While I realise the market has been particularly severe on earnings and in particular growth stocks meeting expectations,today's price action today was way out of sync for a miss on the revenue line for the quarter of 3.5%.
Cannot help but feel that today was a massive over-reaction and this should receive sufficient support at these levels to hopefully help para back most of these losses next week. Don't forget this is probably the most well held quality mid-cap growth stock in the ASX. I backed up the truck slightly early during the fall and bought in around $14.90.
Be interesting to see how this fares overnight in the US
oversold, page-3
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Last
$37.00 |
Change
0.080(0.22%) |
Mkt cap ! $22.69B | |||
| Open | High | Low | Value | Volume |
| $36.70 | $37.00 | $36.61 | $30.36M | 824.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $36.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.04 | 26 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |