for those looking at consensus recommendations, this is a nearly guaranteed way to loose money, if one is investing (although it can be very good for trading).
I never never never look at consensus recommendations.
Having said all this, there is one good trading 'logic' that could apply very well to FWD.
If the overall market continues to be 'weak', ie going down.
And FWD is in the 'sin bin'.
Then probability will dictate that FWD has a good chance of falling more than the market in a 'weak overall market'.
Now I will leave it to others to hypothosise why this may be so. But that's the reality.
For me, ive got my allocation, no pressure to sell.
Happy on the sidelines again.
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Last
$1.94 |
Change
-0.040(2.03%) |
Mkt cap ! $170.3M |
Open | High | Low | Value | Volume |
$1.96 | $1.97 | $1.91 | $188.5K | 96.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13089 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 897 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.920 |
1 | 2000 | 1.900 |
1 | 6000 | 1.880 |
2 | 1000 | 1.775 |
1 | 20000 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.990 | 25000 | 1 |
1.995 | 13234 | 1 |
2.040 | 10000 | 1 |
2.070 | 140 | 1 |
2.100 | 1725 | 1 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
FWD (ASX) Chart |