KAR 2.56% $1.53 karoon energy ltd

Heya, wintermute. I might be missing something fundamental that...

  1. asf
    9,887 Posts.
    Heya, wintermute. I might be missing something fundamental that everyone else in the world knows but me, but isn't KAR *less* risky for we non-holders getting in now (or soon)? We now have KAR at two-year lows- more even- one would have to go back to April 2009, to be at this share price.

    I've been watching KAR and was astonished today to see it fall on such a bullish day (I guess all you holders were, too). A sell-down happened at EOFY, presumably for tax reasons, but then it rose very well after that.

    For non-holding bottom pickers, wouldn't KAR be looking quite ripe? Sure, on red days, it falls, like most resource stocks do, but *in general* (unless it is broken, and I don't think it is), KAR is looking attractive.
 
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