Massey, MCE's intrisic value is around the $9.70 mark. So at it's current level it is about 7 to 8% off it's IV.
Using next year's expected earnings we get to an IV of $11.
I smell the distinct aroma of "bears on a spit". Take your chances but don't be surprise when you thought you caught a downtrend & then this one just shoots up like a rocket.
As for myself, i'll just keep buying whenever the price is below $9, not expecting it to stay there long.
I've taken my house morgage on this one, buying in at $4.98. So very happy. Beware the next announcement, it will just add fuel to the bear barbie ;-)
sell signal, page-5
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Last
33.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 33.0¢ | $3.245K | 9.833K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24240 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 4000 | 2 |
View Market Depth
| Last trade - 10.04am 28/06/2024 (20 minute delay) ? |
| MCE (ASX) Chart |