All good companies are priced high of their value, it’s just how it is..
we (me included) are gambling that the company has a bright outlook, David has simply outlined that it is trading a few dollars above it’s true value. This is an important thing to remember because one bad report and the price can trace back quite quickly.
I like most of you believe in the company so I am not too worried about this but it is a valid point and a post like this should not be ridiculed, rather valued. This forum can be such an echo chamber sometimes so I value an opposing perspective.
Im also not too worried about any future retrace as I do believe that the company is generally heading one way over the next year.
price target 7.50, page-81
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Last
$1.84 |
Change
0.085(4.84%) |
Mkt cap ! $2.284B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.86 | $1.74 | $28.06M | 15.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3729 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 41821 | 4 |
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| Last trade - 15.59pm 13/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |