Still going down....I am waiting and watching before having a second bite as well....although I am thinking there might be better places to park my money....
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Another excellent research piece from Craigs today with an overweight .. Other influencers like c aitken talking it down Be wonderful if it drops lower towards $50, am waiting for my 2nd purchase. DYOR
Shorts increasing 59% on friday by vol ,36% mon
Can see why it is being shorted, the chart looks disgusting, difficult to see any glimmer of hope there. Any potential investors should at least wait for the dust to settle.
From 2008 to 2015 it was a beautiful uptrend I already held some at this stage and had an average price of around 10 dollars. EPS etc were all rising nicely and the stock was a no brainer. 2015 to 16 it became very choppy, the numbers were still good but the stock had become expensive, I sold out at this stage during a moment o weakness for around 60 dollars and missed the blowoff which went up to 84
Since october 2016 it has been all downhill 84 down to 54 that quite a drop. Is there any reason to think the fall will suddenly stop and go into reverse? This is the question. At some stage it will, personally will let the charts determine when it is safe, and as I am not a short term trader will be looking for some of the longer term indicators to show some life.
Here is a negative article to counteract all the positive ones, this might give an indication of factors causing the fall
https://www.livewiremarkets.com/wire...ld-has-changed
Makes an ugly read, but one I am more inclined to believe than the sugar coated stuff coming out of the brokerage houses
you've had great run ratkin:) int in what you will switch to?. smaller returns from hereon s/p wise and earnings wise for a few years anyway.
population is increasing
aged people dramatically increasing, these are the main hosp users.
2017 and 18, few brownsfield developments, these will be back to norm 2019
procurement savings plan
offshore operations to stabilise?maybe but they've been at it for up to 7 years, maybe flog them off if things dont improve with french and english govt funding etc.
recent private health reform in aus encouraging
rhc trading at the bottom of historic range, overshot?
growth still there but more in high single digit rather then 15 %
Morningstar chimed in with an $82 target price??????
you mean morning star i take it. $82 target buy. I dont take any notice of them personally.
fwiw 4traders 3 buys 3 outperforms 4 holds and 1 underperform, av target $66.90
31% shorted by vol yest
$53.94 atm up a little.
indeed the trend is the friend atm.
They must be in cahoots with Morningstar.