Currently at $5.30, hope it remembers to stop at $5.28 ...
No such luck. Looks like its going to test $5.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Wasn't this one the supposed target of an Asian buy-in a while ago... ?
Im seeing this type of thing happening across a broad spectrum.
The machines color code sequence (health/status) is creating lots of yellow warning lines. International actions are triggering multiple color reversal events.
On a serious note, based on their commentary at FY results time they said they've few things underway and may be market thinking that they will tap shareholders to fund some of that.
Hence the reason I'm picking weakness in price as cap raise price will be related to VWAP for whatever period they calculate.
Have a look at the 5 year chart mate and then plot the logical extension from about the 4 year point to now in a straight line and you get a nice straight line from about 90 cents five years ago to just on $5 today. Maybe the recent steepening of the trend line was just over exuberance and the current price is back to fair value ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Have a look at the 5 year chart mate and then plot the logical extension from about the 4 year point to now in a straight line and you get a nice straight line from about 90 cents five years ago to just on $5 today. Maybe the recent steepening of the trend line was just over exuberance and the current price is back to fair value ?
Yes Beagle, I was just looking at that same history. Im still holding despite the recent downturn... The machine agrees, with caution
Have a look at the 5 year chart mate and then plot the logical extension from about the 4 year point to now in a straight line and you get a nice straight line from about 90 cents five years ago to just on $5 today. Maybe the recent steepening of the trend line was just over exuberance and the current price is back to fair value ?
Using a linear price axis on a chart spanning from $0.50 to $7.00 is not a good idea, to put it mildly.
The log chart shows a fairly even 5 years of uptrend that was sick by mid-July, on life-support beginning August and dead by September.
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Originally Posted by oldtech
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