Well it ain't above $2 (although dam close), and it looks like the smart money is taking advantage before the big day (Tuesday 21st - annual results announcement)
Probably won't be under $2 for much longer
Pretty good value @ current price re $2.20(up 40c today) too. Hope the chart is a steady uphill trail from now on , its been a rollercoaster ride... FY18 Results Presentation
Dyslexic mischief ehh, good on you TJ. Too many times the s/p has gone down after good announcements. im holding my breath and my inner sanctum self is quietly in a sassy bassy way advising me to sell. Always the hardest part ,the shelling.
While the Australian sharemarket recorded its worst session in five months with index heavyweights across the board closing the day lower, FXL finished up nearly 27%, closing off the day at $2.30, and actually smashed out a new 52 week high of $2.34 (actually this is the highest FXL has been in 16 months - wow!)
Prior to market open, and shortly after results were announced, I asked on another form "why did the share price go down 50 cents again?" or words to that effect - the market gave me a pretty resounding answer and proved that such a move down was nothing more than emotional irrational panic.
Fundamentally, and technically, FXL is looking very strong... next few days will be interesting to see what the brokers say and how the wider market reacts as the results are digested... But I suppose, at the end of the day, "under $2 [really] was always to cheap"
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