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what is the target on monday, page-2

  1. 1,545 Posts.
    Yep, on Friday the Dow got hit harder that Brent Staker did on Saturday.

    However I wouldn't be surprised if ACS does buck the trend and spend the day in the green....

    Announcements generally don't sink in that well when released on a Friday arvo.... and I think that Friday's announcement didn't sink in fully with the market....Sure it gapped up significantly from Thursdays price but the Chinese deliberately let the price in the few days prior to the announcement.

    For the last few months the price has consistently sat at 30 cents. So IMO given the quality of Fridays announcement 34cents is not really reflective of the companies value and there is good chance that this will rise short term. However if you want to hold on until the Mt Gibson deal goes through....you a good shot at a massive multi-bagger .... easy ten bagger if you hold the options (thats my plan).

    One thing that we do know is.....30 cents is the cheapest that this can possibly go to know because that is where the Chinese are lapping everything up from (see all change in substantial shareholding notices).... fair chance that 30 cents will never be seen again and the Chinese will raise the floor a little higher too....
 
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