RMD 1.05% $37.39 resmed inc

oversold, page-60

  1. 146 Posts.
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    The price drop is not due to shorters. The stock is over-valued. The market, which is a forward looking mechanism for determining price, is re-pricing the stock based on the fact that Resmed missed growth expectations.

    Going forward, the market no longer believes that a P/E ration of 35 is justifiable. Resmed is growing nicely, but it's now growing enough to sustain a $16+ share price.

    My greed got the better of me on this one, and I jumped in on Friday when the stock dropped 12%, without properly looking at the company. Now that I have looked at it properly, it looks overpriced. I bought more today to average down, but I think I'm going to have to hold this stock for sometime before I see it break-even.

    So I've changed my sentiment from Buy to Hold.  Good luck to all!
 
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Last
$37.39
Change
0.390(1.05%)
Mkt cap ! $22.38B
Open High Low Value Volume
$37.30 $37.39 $37.07 $9.449M 253.3K

Buyers (Bids)

No. Vol. Price($)
1 44 $37.32
 

Sellers (Offers)

Price($) Vol. No.
$37.39 2573 2
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
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