Good question.. Has been going sideways for almost 2 years..
Reasons ????.
Sideways perhaps - until July!
The company changed dramatically with the Australian takeover/merger. Now a much larger Aussi-centric pharma-dominated company. I reckon the adjustment to this "new, bigger Ebos has taken some time for the market to absorb.
okay the end of today brought a completely different picture and I succumbed to divesting 20% of my Ebos.
Firstly it was too big a percentage of the portfolio (and still is actually) and secondly the price had spiked on Friday (with large volume) and reversed giving it a topping look with that hammer candle , and now today its done a bearish engulfing candle.
I guess I'm also influenced by the price of SML too, and so creating some clear liquidity preparing for a double down on that one at a certain level.
I see Ebos as one you hold as you never know when the next leap is going to happen. It can stay dormant on a level pegging with very little movement of the share price for long periods of time until BAM it leaps up another 10-20%. Who knows when the next jump up will occur.
I see Ebos as one you hold as you never know when the next leap is going to happen. It can stay dormant on a level pegging with very little movement of the share price for long periods of time until BAM it leaps up another 10-20%. Who knows when the next jump up will occur.
I think it will be at their next acquisition announcement....
I see Ebos as one you hold as you never know when the next leap is going to happen. It can stay dormant on a level pegging with very little movement of the share price for long periods of time until BAM it leaps up another 10-20%. Who knows when the next jump up will occur.
I've only gone down to 80% of my earlier holding which constituted 40% of my portfolio so in essence I dont disagree but after such a huge rise there is very like to be retracement and an opportunity to rebuy at a lower price. If that never happens well I am still very exposed to the price staying high or higher with it now being 32% of the equities.
Down 33c today so it could keep falling after such a strong rise in the last six months.
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