Yes , agree ! in the short term in a down market with the entire Globe in utter turmoil buy backs do not give the investor wanting a quick return much confidence.
However , once the dust settles , and confidence returns to the overall market the buy backs will act as a catalyst for the S/P
to move forward in larger increments than previously with each positive session.
The fundamentals of the successful company that has conducted the buy backs will in turn prop up the S/P even on down days once the market turns.
The age old indicator of higher highs and lower lows in turn increases investor awareness , in come the instos at higher prices , their appetite being driven by the fear of missing out, mean while long term holders sit back and watch.
While ever the fundamentals improve, (in a normal market ) the s/p will follow.
We all have a pay day on the 30th of this month.
If the s/p is still under $7.50 then , all of my divvys will be going strait back into STO.
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Last
$7.80 |
Change
-0.010(0.13%) |
Mkt cap ! $25.26B |
Open | High | Low | Value | Volume |
$7.79 | $7.81 | $7.74 | $3.630M | 467.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 9104 | $7.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.80 | 20537 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 5231 | 7.790 |
22 | 26196 | 7.780 |
22 | 26452 | 7.770 |
21 | 55293 | 7.760 |
14 | 89820 | 7.750 |
Price($) | Vol. | No. |
---|---|---|
7.800 | 34241 | 24 |
7.810 | 34144 | 14 |
7.820 | 91718 | 14 |
7.830 | 45253 | 9 |
7.840 | 13286 | 8 |
Last trade - 11.51am 19/08/2024 (20 minute delay) ? |
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STO (ASX) Chart |