MYX 0.28% $7.24 mayne pharma group limited

Could get ugly

  1. 1,125 Posts.
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    The Dow has probably been overvalued for some time at an average P/E around 24-26 times last time I looked and so unfortunately the cleansing process appears to have begun. For it to get back to the average it would have to drop about another 8000 points as a rough guess? Any thoughts anyone? That would be about a 30% drop for the DOW and an official bear market. I ain't selling but MYX is already getting caught in the cross fire like just about every other stock regardless of its inherent value. We are perhaps about to find out who's going to get caught with their pants down as the tide goes out...hopefully I'm wrong but I suspect not. The biggest one day plunge on the DOW in history should probably serve as a warning sign to anyone carrying too much debt against their port folio to make sure their finances are squeaky clean..... and at the same time also opens up opportunities for the value investors who wait patiently on the sidelines for these very moments...as I said hope I'm wrong. Financial advisors telling investors not to panic isn't much different to telling a football coach that their job is safe until the end of the season....GLTAH
 
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Last
$7.24
Change
0.020(0.28%)
Mkt cap ! $615.9M
Open High Low Value Volume
$7.30 $7.32 $7.10 $1.066M 147.5K

Buyers (Bids)

No. Vol. Price($)
1 2143 $7.00
 

Sellers (Offers)

Price($) Vol. No.
$7.24 3916 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$7.23
  Change
0.020 ( 0.47 %)
Open High Low Volume
$7.23 $7.33 $7.11 37253
Last updated 15.59pm 29/03/2024 ?
MYX (ASX) Chart
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