I have learnt not to try picking bottoms over the years as you all knows what happens. If everyone is thinking "in the $15's is a bargain" who will they be buying off? The hedge fund shorters were in clover on the rumour and will be buying back in the $15's not selling any more. Investment funds will see great value and nice little portfolio balance against the high alpha stocks and those that will underperform in a risk/AUD sell off, and I hardly think long term holders having wathced the price drop from $25 to $16 will panick now? The divi is worth 65c after franking so $16.64 is effectively buying at $15ish going into Aug. so $16.80 this morning was getting pretty close if you follow my logic.
goodluck
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Last
$17.36 |
Change
0.235(1.37%) |
Mkt cap ! $26.08B | |||
| Open | High | Low | Value | Volume |
| $17.37 | $17.46 | $17.32 | $58.54M | 3.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 5992 | $17.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.36 | 2356 | 16 |
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| Last trade - 15.58pm 11/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |