SRK 6.45% 3.3¢ strike resources limited

Chacha - I honestly don't have a price for re-entry into SRK,...

  1. 4,504 Posts.
    Chacha - I honestly don't have a price for re-entry into SRK, haven't even thought about it! The way commodity prices are going down, SRK could definately fall further along with other Mining stocks but I'm not sure how low. Regardless, no doubt it's still a brilliant long term buy as long as imho they can bring the production timeframe forward from the proposed 4 years!!!

    One things for sure now folks, the stockmarket has now shifted to purely sentiment buying and selling. When Mining & Energy stocks are Strong, Finance & Industrials are Weak and Vice Versa. At the moment Mining & Energy stocks are taking a bit of a battering due to the decreasing prices of Commodities so money is being shifted for now back into Financials etc. I agree that the overall outlook for Financials is very uncertain BUT all I say is that if you can trade the peaks and lows according to Sentiment, you'll be able to make some very very good $$$ even in this market.

    Take ANZ which I'm in for example. Unfortunately I missed the Low by 1 day which cost me heavily but had I waited 1 more day which in hindsight I was silly anyway to get in on that Friday when NAB announced their results and ANZ lost 13%, I would of been able to get in at the Mid-High $15 and I would be a cool 10% only in 1 week!!! As it stands my entry price is $17.90 which isn't too far off now but I can guarantee that in the near future, ANZ will again be $18+ because the bad news is out for now so like all quality stocks, they will always tend to rebound after a savage beating.....that's the best and easiest times to make money but again, only with quality Blue Chips stocks which regardless of what's happening now, ANZ and the Banks belong too.

    Good Luck All
 
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Last
3.3¢
Change
0.002(6.45%)
Mkt cap ! $9.931M
Open High Low Value Volume
3.3¢ 3.3¢ 3.2¢ $3.157K 95.80K

Buyers (Bids)

No. Vol. Price($)
2 100268 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 117000 1
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Last trade - 14.34pm 18/11/2024 (20 minute delay) ?
SRK (ASX) Chart
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