EHL 0.00% 88.0¢ emeco holdings limited

which category???

  1. 257 Posts.
    Hi Guys,

    I thought i'll post something about EHL...I think this stock is turning out to be a classic one where everyone wins...i.e.

    shorters- they can short to wherever they want and buy at low prices to cover their positions...

    day traders - As this stock has been following a nice sequence it is almost likely to do the same thing again and again...for eg you can always make $0.01-0.02/share if you trade patiently...

    Long term holders (5yrs +) will benefit from the dividends...and also they get an oppurtunity to average down the sp of their holdings with the help of shorters... at current sp this share will repay it self in next 5 yrs in the form of dividends and whatever is left will be extra

    what an amazing situation... at present i'm really confused which category i want to be in... i think i might go in for holding it long enough until it reaches $1+...may be 3 yrs+ ...

    Also IMO you cannot read too much from the chart of EHL... it looks simple and plain... but i think we can figure out the resistance levels set previously...like 0.32 and 0.4.. because in the last run it did not break the resistance at 0.32 so let us see what it does with this run...

    Anyway as a final point, i think (may be reiterate) this is really a classic stock to hold IMO... nothing to rock the boat on both the positive and negative side...a pleasent boat ride...
    Cheers
    PMT
 
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Last
88.0¢
Change
0.000(0.00%)
Mkt cap ! $401.7M
Open High Low Value Volume
88.0¢ 88.5¢ 87.5¢ $516.3K 586.6K

Buyers (Bids)

No. Vol. Price($)
2 4208 87.5¢
 

Sellers (Offers)

Price($) Vol. No.
88.5¢ 1131 1
View Market Depth
Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
EHL (ASX) Chart
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