“I think investors need to stop focusing so much on the spot price for valuations and upward moves to make more sense.”
True but whilst i dont think i mentioned spot in my post, spot is a number that numerco report daily so imo it gives a pretty good indication of the direction of the trade. The +/- delta between spot and LT is always going to be there depending on the cycle. LT contract information is difficult to obtain, a bit secretive and not timely from what i have seen. Do you agree?
“I think investors need to stop focusing so much on the spot...
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Last
$16.48 |
Change
-0.480(2.83%) |
Mkt cap ! $4.918B | |||
| Open | High | Low | Value | Volume |
| $16.85 | $16.94 | $16.29 | $28.09M | 1.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 30236 | $16.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.48 | 6 | 1 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$16.45 |
Change
-0.480 ( 3.11 %) |
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| Open | High | Low | Volume | ||
| $16.83 | $16.95 | $16.30 | 1421757 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| PDN (ASX) Chart |