SOL does indeed have a very fine record stretching back many decades. My thesis is that macro has changed considerably and become negative for many of SOL's assets. The speed of change is incredible IO price has dropped 33% in just 6 weeks! Coking coal has plunged after busting USD300/ton due to C. Debbie. It fell 6% last night alone! Thermal coal is also dropping significantly. I remain bearish re commodities. As stated the housing building boom has peaked. I could go on.
Re timeframe: As a short seller I'm looking at SP over a 4-6 month horizon. Some readers have held SOL for 10-20 yrs perhaps more. What will SP be in another 10+yrs time? I have no inkling but i'm in for short haul so not a concern. My target is $18.oo within next few weeks and will re-assess after that.
Sell Your Soul, page-76
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Last
$32.97 |
Change
0.320(0.98%) |
Mkt cap ! $12.41B | |||
| Open | High | Low | Value | Volume |
| $32.80 | $33.10 | $32.65 | $7.381M | 224.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 737 | $32.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.06 | 1016 | 2 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| SOL (ASX) Chart |
