thooh,
Have a look at the charts I posted above. They don't show any consistent pattern of NCM and LGL performing differently. Quite the opposite, in fact.
I take sp's point regarding the amount of LGL's recent falls, however as regards the overall correlation between NCM and LGL, I think it's easy to have the exception shape your perception. In simple terms, if NCM and LGL were to track each other pretty closely 4 days out of 5, you wouldn't notice it. However, that 1 day out of 5 when NCM goes up and LGL goes down would stick out in your mind.
On the days when LGL goes up and NCM goes down, I don't see NCM holders recanting their positions and saying what a good buy LGL would have been.
please explain, page-12
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Last
$1.55 |
Change
-0.010(0.64%) |
Mkt cap ! $189.2M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.55 | $33.19K | 21.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 14685 | 1 |
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| Last trade - 15.57pm 02/09/2024 (20 minute delay) ? |
| LGL (ASX) Chart |