Australia's largest stock trading and investment forum Australia's #1 stock forum

XMD

Click for more information

0.50%

10,475 s&p/asx midcap 50

The Big Boys, page-458

First 458 Last

Share
Profile

Follow
CaptainGrumpy

4,594 Posts.

177

23/01/16

18:14

Post #: 16856832
Share

Originally posted by Orwell ↑

Hi Captain, Jagster. Just had a look at my SHV comments above and then the chart. Wow, 35% drop in three weeks and still closed low. It was $13.64 in August. I knew it was weak but assumed it would get some support low 7's. I imagine the underlying business is a fairly stable mature company. Quite extraordinary drop. Glad no one here took a long position. Wonder what's going on to cause that.

It actually looks a bit interesting now. There should be a retrace to the ATH50% level at $7.17 once momentum turns, like a stretched elastic. I might watch this one for a bit.

Expand

Hi Orwell.

Seems to be that the market is expecting a big rebound in the Californian crops this year. There is potential for a turnaround if this poster's thesis plays out. Seems fairly knowledgable so could be something in it. http://hotcopper.com.au/threads/broker-upgrade.2650335/page-36?post_id=16687151#.VqMnD-w8anM
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 538 more messages in this thread...

First 458 Last

Add XMD (ASX) to my watchlist

SPONSORED BY