It's a common thing in the market, the best stocks are always overvalued such that most people won't buy them and therefore miss the best opportunities. The market isn't looking at what it's worth today, it's looking at what it will be worth 6, 12, 36 months from now and just beginning to price some of that future value in
To quote William O'Neil, what seems too high in the market generally goes higher .... I won't play the guessing game on what prices we'll see in the future but imo, the buying we're seeing this past 4 days is saying we're going much, much higher
Research/Valuation, page-323
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Last
$5.65 |
Change
-0.150(2.59%) |
Mkt cap ! $1.817B | |||
| Open | High | Low | Value | Volume |
| $5.89 | $6.10 | $5.54 | $4.093M | 710.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1015 | $5.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.66 | 1685 | 10 |
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| Last trade - 12.30pm 07/08/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |