IMD just released its report with huge increases in profits, earnings per share, and a dividend increase of 50% - (yup that's 50 PER CENT INCREASE in dividend for this year) - so what happens?
The share price tanks !!
Now that sort of panic, irrational selling is a sure sign that we are near the bottom of the panic cycle to my eyes. I know it's hard to pick the bottom, but yesterday and today are starting to smell very much like it, and the bargain hunters will be moving in soon. I see that Warren Buffet has already started some bargain buying in the USA - except he buys companies, not just their shares!
This is a testing time, for sure, but events like the IMD price today are reassurance to me that we should just let the panic selling burn itself out. Stop watching if it bothers you.
the epitome of irrationality
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Last
$2.18 |
Change
-0.040(1.80%) |
Mkt cap ! $1.115B | |||
| Open | High | Low | Value | Volume |
| $2.26 | $2.26 | $2.14 | $1.242M | 568.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 25643 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 653 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| IMD (ASX) Chart |