I think we could yet see a big shakeout and clean out with a drop into teens occur possibly triggered on stop losses which would present a chance to enter and quickly make gains.
The valuation has not changed but sentiment has and buyers are on strike, those weaker individuals who can't stomach it will give their shares away at lowball levels.
The so called expensive tech stock is now on a PER of closer to 20, cash in bank and many avenues to growth. Not to mention directors holding a swag of stock, detailed knowledge of the markets as well as confidence in growth plans.
- Forums
- ASX - By Stock
- IMS
- what a buy at these levels
what a buy at these levels, page-14
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)