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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Yes , agree ! in the short term in a down market with the entire...
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Last
$8.00 |
Change
-0.010(0.12%) |
Mkt cap ! $25.98B |
Open | High | Low | Value | Volume |
$8.02 | $8.10 | $8.00 | $82.33M | 10.26M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 80803 | $7.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.02 | 16459 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14385 | 8.400 |
1 | 558 | 8.290 |
1 | 2579 | 8.210 |
1 | 7 | 8.050 |
6 | 12979 | 8.000 |
Price($) | Vol. | No. |
---|---|---|
7.500 | 2500 | 1 |
7.600 | 109 | 1 |
7.890 | 4320 | 1 |
7.970 | 781 | 1 |
7.990 | 1990 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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STO (ASX) Chart |