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Joe asked - Why its(CAH)share price
still going up?
I know you asked with tongue in
cheek but many reasons for the CAH rise today -
- the efficient market that
knows everything that is going on says that many favourable things have come
to light today and that CAH is worth more today than it was yesterday. What
are those favourable things I
wonder?
- the market is
irrational
- maybe the majority think that
CAH can only do good in the future and prospective takeovers or buying the
CNIFP assets will take place
- maybe the charts said the
price had to go up. The CAH price did move above the 30 day moving average
the other day so maybe it got excited and thought it had better continue
it's rise.
- maybe the chart said let's
have a bit off fun and test the resistance of the downtrend that started at
the middle of March when the price reached the low 190's. It did just that
today - but failed to breach it.
- maybe I have a loyal group of
supporters who sell when I talk up a stock and buy when I talk down a
stock
- maybe it was just one of those
days
And tomorrow is another day -
lets see what happens
Cheers
Peter
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