you can make money if a share price drops.........in numerous ways. Including making bets with true believers. I am a holder again now I just don't change the sentiment each time I switch teams.
I am really into the stock, I could tell you a lot about it. I am surprised there hasn't been more discussion around the CR. trading halt on March 23. the absolute bottom of the market. if they had of waited a few days and halted during the huge swing up after the low, they could of raised their $169 mil for 20c not 9c. your 50c would be a market cap of 850mil and well within reach with some positive earnings guidance. but thats more like 32c now.
I cant work out who benefitted from that decision apart from the CEO who tripled his shares @9c. Oil Search was $1.80 on March 23 and went into a trading halt 9 trading days later at $2.70. All the businesses that halted and raised on that day have recovered slower than their peers who halted after a swing or two up, the result for SXL was 1about a billion more shares than needed to be issued to raise 169 million dollars.....that can never be undone
If the Dow finishes where the futures are now (500+) we might see 0.215 tomorrow....go SXL! Sorry, Thats going to make you grumpy isn't it.
- Forums
- ASX - By Stock
- SXL
- SXL 50c Party
SXL 50c Party, page-57
-
-
- There are more pages in this discussion • 169 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SXL (ASX) to my watchlist
|
|||||
Last
53.5¢ |
Change
-0.040(6.96%) |
Mkt cap ! $128.3M |
Open | High | Low | Value | Volume |
56.0¢ | 56.5¢ | 53.5¢ | $114.2K | 208.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5485 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5485 | 0.535 |
2 | 20752 | 0.530 |
1 | 52000 | 0.525 |
2 | 11923 | 0.520 |
2 | 19439 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 15000 | 1 |
0.590 | 13212 | 2 |
0.600 | 20000 | 1 |
0.610 | 46770 | 2 |
0.625 | 34000 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
SXL (ASX) Chart |