Only have to look at the sell off in XRO last week for what happens to overvalued techs
Can't see why it is still $46+ with the way the housing market is or at least going to head
Even now it seems expensive, so any downturn in the NPAT and bottom line won't be pretty
why the big sell off?, page-13
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$233.53 |
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| Open | High | Low | Value | Volume |
| $239.89 | $239.89 | $232.60 | $21.96M | 93.64K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 463 | $233.50 |
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| Price($) | Vol. | No. |
|---|---|---|
| $233.65 | 12 | 1 |
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