REA will never be $100. You have been lucky to see it reach $50. They don't have much cash left either. They are burning through it fast. Must be the Arnie ads costing to much or something. They were at $5 and are also the current price. I keep hearing how they are expanding overseas. Not the best time to be doing that either. Considering the propery market is now overheated and ready to pop again. Just like in the 2007 GFC. I am not sure what will be the trigger of the collapse. But there is always something lurking in the background. And considering it already has a book ratio greater than 15 and a PE over 30.
There is simply not much to like about the stock at the current level. And when you take into account the charts also. Which are are now turing bearish. Being short or taking profits is the only way to go in my mind.
FXJ Price at posting:
$1.03 Sentiment: None Disclosure: Not Held
NWS Price at posting:
$19.72 Sentiment: None Disclosure: Not Held
REA Price at posting:
$47.15 Sentiment: Sell Disclosure: Not Held
