The broker price targets are always inflated so you don't sell while the big boys are bailing out which is usually much lower than the target price.
The basket price was $92 in Q1 when the TOL was granted and the share price ran to $1.625. Now the basket price is $57, which is 62% of what it was in Q1. So projected earnings are only 62% of what they were in Q1. I somehow don't think the SP is going to run to $1.625 when the TOL is issued, and I don't think there will be the same euphoria driving it to those dizzying highs, more like a lot of investors happy to bail out expecting yet another delay from Delaysia. I don't doubt $1.625 will be reached again, just think it's gonna take more than a TOL. $1.40 is my guess for SP when TOL is announced, then back to $1 while Delaysia delays again.
The broker price targets are always inflated so you don't sell...
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$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
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