Alex share prices are like that....sometimes you wait years...nothing happens and then it takes off like a bat out of hell...with no new news.....why? It takes time for institutions to change their perspective and for the flowers of an hour to last their hour and then good solid reality returns .
First lithium,then chips ,now AI and AI chips all attract institutional money..about ten stocks in the AI ..tech component area have been responsible for 70% of the index movement...yes this will pass and rotation will bring coal back into vogue and prices will rise as institutions get back to buying profits and not dreams!!!!
For example can you even begin to imagine the massive pollution costs of building wind farms or the pollution created in building electric cars and the batteries ...Yet they are all the Rage...Nobody has yet got on the pollution wagon for the production of Electric cars and prices have soared in Lithium miners and Electric car producers...now things are changing!!!!
Not to mention any kind of negative reaction against the pollution that is being created by recycling of the batteries ...All energy creation comes at a high cost.!!!!
Yes coal pollution will pass ...and coal will become King Coal again ...Profits and future profits will be discounted and the real value of coal companies will be realised and when that happens you will realise just how fast coal company prices can rise and it will happen...when...who knows??
All the Best to All
Alex share prices are like that....sometimes you wait...
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Last
$7.63 |
Change
0.140(1.87%) |
Mkt cap ! $6.383B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.65 | $7.52 | $30.32M | 3.990M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110097 | $7.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 13368 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |