One just has to look at other quality companies that had massive drops after missing revenue targets, and how they rebounded withing 12 to 18 months - BXB, WOW, AMC, CCL, CSL. None of the 5 mentioned rebounded within 2 or 3 days, they took at least 3 to 6 months, except CSL that rebounded quicker. This will rebound and rebound hard, but $16.50 is at least 12 months away.
Holders will be ok, in the meantime expect some swings as short term traders get a hold of it. Once the short term traders leave it alone the price will settle.
Good luck all. I wish you well. A 22% drop is a horrible feeling, but if you don't need to sell, hold on
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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) ? |
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RMD (ASX) Chart |