I invest in companies (assets/liabilities) not charts.....and when you say "I’m going to bet with the strongest" are you talking about the strongest chart or strongest company or what the market thinks the strongest company is?
If you are talking about the strongest company or the markets assessment of the strongest company you are also into the game of prediction (despite all your long protestations to the contrary) as that can only be determined by taking a view on the future of their assets and liabilities, either individually or by market consensus. What you are effectively subscribing to is the "market is always right" doctrine which will never make money. It's predicting when the market has it wrong and how much it has it wrong by that makes the money.
My buy-in price for NST during most of last year was between $4.60-$4.80. I can't see any dramatic improvements that want to make me lift this price significantly at this stage. The $6 tag must be earned. Entries in the low $5 range could be long term targets but such entries still come with risk IMO.
Here is a prediction for you. By June 2020 the market gap between RSG and NST will have closed by at least 50%. Esh
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I invest in companies (assets/liabilities) not charts.....and...
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Last
$17.51 |
Change
0.140(0.81%) |
Mkt cap ! $18.16B |
Open | High | Low | Value | Volume |
$17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2751 | $17.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.52 | 36039 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 45378 | 9.020 |
6 | 72217 | 9.010 |
4 | 47094 | 9.000 |
7 | 65586 | 8.990 |
8 | 105898 | 8.980 |
Price($) | Vol. | No. |
---|---|---|
9.040 | 46480 | 7 |
9.050 | 128028 | 11 |
9.060 | 115189 | 10 |
9.070 | 48533 | 4 |
9.080 | 64340 | 6 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
NST (ASX) Chart |