I was told i was talking nonsense for suggesting funds must buy Telstra back as part of their index funds, therefore the SP will make a protracted comeback soon. All it takes is one broker to show the market they have been loading up on TLS for their clients to cause a flood into Telstra. If they all start believing the bottom is in the funds will reallocate their underweight positions in TLS.
Today a tiny target increase and woosh! It's only started raining but once it turns into a pour, lookout! $4.50 is my target for now.
Credit Suisse Raises Telstra Target Price to A$4/Share From A$3.90
Telstra is in a yield sweet spot, page-93
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Last
$3.73 |
Change
0.080(2.19%) |
Mkt cap ! $43.09B | |||
| Open | High | Low | Value | Volume |
| $3.73 | $3.78 | $3.71 | $115.9M | 30.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 64775 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 590435 | 6 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |