Well boys, its plunged through both the 30 and !00 day MA's. on large volume.
Its time to jump ship, cos ya gonna get a bath anyway
With a P/E ratio of mid 40's, the half year report needed to support that high ratio with very high growth. The report did not and so the price drops. Not in one big hit but will continue to drop to a more realistic value over the next 2 months I believe. I reckon it will stabilise at about $4.10.
With a P/E ratio of mid 40's, the half year report needed to support that high ratio with very high growth. The report did not and so the price drops. Not in one big hit but will continue to drop to a more realistic value over the next 2 months I believe. I reckon it will stabilise at about $4.10.
NZX says PE is 122
”When investors are euphoric, they are incapable of recognising euphoria itself “
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