Time for a reality and trading strategy check.
Neu was almost 50% up since the PMS result a few trading days ago. That has been reduced to 35% in two days. As an investor so what? Yeah, for the sums that many investors have on the line, a15% drop is big $$$'s paper losses - it hurts. But it is not the reason they are invested. There are a plethora of fundamental events ahead during 2024. Although plenty of risk is still involved, that is all that matters. If they play out as investors expect (hope for) then day to day intervening SP machinations matter not.
But they do matter for the trading fraternity (who never get to experience the profits, the losses, the exhilaration, the despondency, of long term speculative investment.
They are plying their trade atm and will continue to do so in the intervening periods between fundamentals inflection points (which could be intrinsically positive or negative) and good luck to them.
However, their strategies and preponderance do not affect the fundamentals. So no need to look for reasons to explain SP vacillations in these periods. They are self explanatory.
This is a stock dominated by known, shortish term inflection points. Bring them on.
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Last
$20.81 |
Change
0.080(0.39%) |
Mkt cap ! $2.667B |
Open | High | Low | Value | Volume |
$20.90 | $21.30 | $20.76 | $1.456M | 69.48K |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 116 | $20.80 |
Sellers (Offers)
Price($) | Vol. | No. |
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$20.82 | 62 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 122 | 20.860 |
3 | 136 | 20.850 |
4 | 104 | 20.840 |
4 | 268 | 20.830 |
4 | 307 | 20.820 |
Price($) | Vol. | No. |
---|---|---|
20.870 | 104 | 4 |
20.880 | 50 | 2 |
20.890 | 200 | 2 |
20.900 | 207 | 2 |
20.910 | 453 | 3 |
Last trade - 11.24am 22/05/2024 (20 minute delay) ? |
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Last
$20.89 |
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Change
0.080 ( 0.60 %) |
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Open | High | Low | Volume | ||
$20.93 | $21.30 | $20.77 | 23566 | ||
Last updated 11.42am 22/05/2024 ? |
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