I am no more or less qualified than you. The reason i have sells on the stocks you mention.
Is because they are all overvalued based on my charts are value metrics. That does not mean they will fall. Just means that i would not be buying at the current levels. And will be looking for potential short trades on the rallies only. As for RTA, well it is overvalued. And the fundamentals totally stink. I don't know how else to say it. It is what it is. No sugar coating. Would I go short on the stock. No i would not. Not because i do not think it will fall. But because it is not liquid enough for me. I only short liquid stocks that move around a lot. Also i can not locate shares to short for RTA. What i do know. If i did own the stock I would be taking profits at the current level and would not be buying here. My buying level for RTA would be between 1c and 5c max.
- Forums
- ASX - By Stock
- Who will be the next FMG
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)