PDF 0.00% 2.9¢ pacific dairies limited

2014 will be a good year, page-4

  1. 1,061 Posts.
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    Mauombo, your buy signal is largely based upon four days worth of trades in as many weeks, each worth in the region of $1000-2000 dollars. The impression I get is that this activity is likely down to just one individual investor accumulating shares.

    Sure, today the AYB share price hit a 52 week high -just- and from a charting perspective, that might be significant. But what makes me a little suspicious is that this comes at the tail end of a feel-good 'Santa Claus' rally in the market.

    Conceptually, AYB is an interesting company, but it has next to no track record. I have trouble seeing much justification for a 100% rise in the share price from the October low... the Australian dollar has been weaker recently, but that is about it.

    Still, happy to be proven wrong. The 'Proof in the Pudding' in 2014 will be what happens to those $10,000+ worth of shares sitting at 0.080. If someone buys these up, it might suggest that there is something in this rally after all.
 
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Currently unlisted public company.

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