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. |
---|---|---|
$8.02 | 16459 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13000 | 7.990 |
5 | 16750 | 7.980 |
2 | 54105 | 7.970 |
2 | 13640 | 7.960 |
4 | 30913 | 7.950 |
Price($) | Vol. | No. |
---|---|---|
8.030 | 62300 | 4 |
8.040 | 41636 | 1 |
8.050 | 38828 | 3 |
8.060 | 5000 | 1 |
8.090 | 3000 | 2 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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STO (ASX) Chart |