Transfer of wealth from the impatient to the patient in this game.
Happy to be 80% in cash at the moment waiting for cheaper prices.
Been reading commentary that stock prices aren't low enough and will fall when real pain sets in - however don't think we will see GFC prices where stocks were trading at and below cash.
Big global hedge funds are driving the carnage and profiting tremendously - Bridgewater Associates are up 25% YTD (on FUM>$100bn) Their ability to move markets amazes me.
The P/E multiple and cashflow in next year and the year after are looking juicier by the day.
what a shocker, page-7
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 (20min delay)
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |