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"Banks dominate bourse JOHN DURIE The top 200 stocks on the ASX...

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gassed

13,065 Posts.

187

10/01/17

10:19

Post #: 21785765
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Originally posted by gassed ↑

WilliamD. "Still think current SP is a little contrived.....ridiculous the small trades that got it here."

If you take a look at the very small volumes traded since the beginning of September 2016, that has effected the DROP in the SP, couldn't one equally say that the current low SP is "contrived", or,at least not a true indicator?
There certainly has not been any major exodus, just lack of buyers, and I'd say that would be very typical of the vast majority of shares on the ASX in that time. This market only responds to positive results and until that happens, the SP just plateaus and stagnates.
A true guide to the market's sentiment to CM8 will only come when there is some OBVIOUS substantive positive news (not words!!). We could very easily see a very quick response in the SP if that news does in fact materialize and if it doesn't have that reaction, one would then have to take a very negative view of the SP's mid term expectations. Dec 2016 and March 2017 numbers will be critical to that statement.

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"Banks dominate bourse

JOHN DURIE
The top 200 stocks on the ASX represent more than 90 per cent of the value of the entire market."

It's not just CM8 that "the market" is not interested in.

CM8 Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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