Hi Guys, I am a new investor in CTX and hold a modest holding (10,000 shares). I bought in at an average of $9.13 because commercial instinct told me CTX must be near its lows. Instinct also told me not to buy a stock that seems to be on an a continual downtrend and seems to make new "recent" lows every day. But with a PE of around 6, it seems an incredible buy.
There are some excellent posts on CTX but please can you tell me why CTX SP continues to fall because it seems such an incredible buy opportunity; notwithstanding its upside is limited because there is not a lot of blue sky.
Thank. I hold CTX, BHP, WPL, ENT, ADN, STU, BRM, OZL, DTO.
please tell my why ctx sp has fallen so much
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Last
$32.80 |
Change
-0.260(0.79%) |
Mkt cap ! $7.816B | |||
| Open | High | Low | Value | Volume |
| $33.10 | $33.10 | $32.37 | $72.85M | 2.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1535 | $32.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.80 | 150 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ALD (ASX) Chart |