I tend to find that market noise seems to outweigh the latest broker forecasts in the short-term so its almost impossible to jump in and out trying to pick bottoms and tops of short-term movements.
For EG if you sell out hoping to buy in lower, and then the US fed comes out and says we're printing money for the next 10 years and the ASX rallies, RMD will probably still go up despite the underweight tag slapped on it.
You also never know when the company is going to come out with news for eg I held a stock for a long time, it did nothing I thought well I'm going to take my money chuck it in something else, then ill chuck my next months wage in here when I get paid. I kid you not the day after I sold the company put out one of the market sensitive announcements I had been waiting for.
Anyway just my thoughts on this, correct me if I'm wrong but I think the RMD quarterly report comes out this Friday. Ever since the last quarterly the stock has felt extremely jittery and I have a feeling that this report will answer the questions on every ones mind for better or worse.
DYOR GLTAH this Friday.
I tend to find that market noise seems to outweigh the latest...
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Last
$37.28 |
Change
0.200(0.54%) |
Mkt cap ! $22.38B | |||
| Open | High | Low | Value | Volume |
| $37.50 | $37.55 | $37.15 | $17.93M | 480.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3363 | $37.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.30 | 1001 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |
