I think the fundamentals like rising operating costs, P/E ratios and the outlook for the sector affects institutional investments largely, which in turn affects the SP.
My price target is $1.20.
I just wouldn't be holding my breath in the short term, happy to get stopped out and get back in if it does go lower.
Just like the last time we conversed on the topic, 9 out of 10 trading days the SP has been down.
My question to you is if everything is so good why aren't we already there? And how long before we get there? Because I do not think time is on our side with the markets.
dibbz.
VBA Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held