Originally posted by jdonThe price drop is not due to shorters. The stock is over-valued. The market, which is a forward looking mechanism for determining price, is re-pricing the stock based on the fact that Resmed missed growth expectations.thank you for sharing your very balanced view on RMD jdon! very honest post.. dont see that very often on HC.. Hope it recovers soon and you make some decent money..
Going forward, the market no longer believes that a P/E ration of 35 is justifiable. Resmed is growing nicely, but it's now growing enough to sustain a $16+ share price.
My greed got the better of me on this one, and I jumped in on Friday when the stock dropped 12%, without properly looking at the company. Now that I have looked at it properly, it looks overpriced. I bought more today to average down, but I think I'm going to have to hold this stock for sometime before I see it break-even.
So I've changed my sentiment from Buy to Hold. Good luck to all!The price drop is not due to shorters. The stock is over-valued. The market, which is a forward looking mechanism for determining price, is re-pricing the stock based on the fact that Resmed missed growth expectations.
Going forward, the market no longer believes that a P/E ration of 35 is justifiable. Resmed is growing nicely, but it's now growing enough to sustain a $16+ share price.
My greed got the better of me on this one, and I jumped in on Friday when the stock dropped 12%, without properly looking at the company. Now that I have looked at it properly, it looks overpriced. I bought more today to average down, but I think I'm going to have to hold this stock for sometime before I see it break-even.
So I've changed my sentiment from Buy to Hold. Good luck to all!
- Forums
- ASX - By Stock
- RMD
- oversold
oversold, page-78
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMD (ASX) to my watchlist
|
|||||
Last
$33.43 |
Change
0.130(0.39%) |
Mkt cap ! $21.48B |
Open | High | Low | Value | Volume |
$32.99 | $33.43 | $32.99 | $25.34M | 760.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 287 | $33.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.44 | 8375 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 33.440 |
4 | 229 | 33.430 |
1 | 287 | 33.400 |
1 | 200 | 33.300 |
1 | 3 | 33.260 |
Price($) | Vol. | No. |
---|---|---|
32.260 | 51 | 2 |
32.400 | 613 | 2 |
32.430 | 109 | 1 |
32.500 | 27 | 1 |
32.930 | 10 | 1 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
RMD (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online