Being in ASX 200 guarantees nothing in terms of price action. For sure there are potentially more institutions on the register, but probably means Macquarie selling down to achieve same. Also when in the ASX 200 much more open to price manipulation by the big guys and shorting.
Invest in this for one reason only and that's because you think it's a stock that will grow faster than the market because it has a solid competitive position in a market that should grow at above market rates. In doing so I ignore short term price action except to buy if opportunity presents itself or sell if value proposition changes and it hasn't.
Compared to its international peers it looks cheap at these prices - I bought Friday in low $6 and here for long term.
Being in ASX 200 guarantees nothing in terms of price action....
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Last
$6.47 |
Change
-0.150(2.27%) |
Mkt cap ! $2.139B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.60 | $6.46 | $7.078M | 1.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 8220 | $6.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.47 | 1197 | 9 |
View Market Depth
| Last trade - 13.30pm 08/10/2024 (20 minute delay) ? |
| NXL (ASX) Chart |