I'm fairly new to this as well as I have been following the ASX for the last year on a daily basis. When I take a look at the following url:
http://money.cnn.com/data/commodities/
I see that the following commodities which I believe impact on Incitec have fallen:
Oil (Affects the price of metals)
Metals (The mining/explosives side of incitec's business)
Corn & Soyabean (fertilizer side of incitec's business)
These are my humble observations. I'm quite happy to be corrected by anyone more wise & experienced than I.
Incitec is a gem & the long term demand for their products/services are strong.
Only for the time being it is agonising to fall into a "Mis-timed" purchase trap. I myself hold incitec long term in my superfund. And outside of my super which I manage myself, I have a capital base which I used to buy incitec recently when it was at $148 then I sold it at $156 because I saw the oil price drop & thought to myself that this will impact on metals. The icing on the cake was when Corn, Soyabean & Wheat were also down. I used this as my own personal signal to "get out" with the intention of getting back in again for another short position.
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The poster holds IPL, BHP, CEY & MGX
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this is my own opinion, seek professional advice and/or do your own research before making your big decision on this stock
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$2.90 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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View Market Depth
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1 | 230 | 2.870 |
3 | 6123 | 2.840 |
2 | 5340 | 2.830 |
2 | 11300 | 2.810 |
Price($) | Vol. | No. |
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2.900 | 5000 | 1 |
2.920 | 19467 | 4 |
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2.950 | 48276 | 7 |
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