Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?
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Is there something about SKO that we should be aware of ?. Weakening S P now for a month after a very good AGM and investment presentation ? Whatsup ?
Seems to be the normal state of affairs. SP drives up when someone wants in and then under low trading creeps back down.
Old investment rule ... never buy after the announcement of good news ;);
Maybe it is just that ...
but obviously - it could be as well that market is reducing the bonus it is prepared to pay for future growth and a good story ... I guess nobody would pay more than $4 for Serko just based on its fundamentals - wouldn't they?
From a TA perspective v little to worry about long term. In the short term SP may revert to 90 day MA.
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Crikey, just as well I've never heard of that rule before.... about the only time I do load up is immediately after good news and it's done me proud!! lol. Each to their own.
Could well be that someone recycling funds from high P/E stocks into low P/E stocks with yield in play currently.
The SP is getting dangerously close to forcing me to buy more