I've been watching the UK listing of Albidon recently and I am not sure if ALD (as it is in the British market) is leading or following ALB but I am leaning toward 'follow'.
Tonight ALD is down 34.21%, mirroring the 33.33% it fell on Australian markets today.
I went back into ALB today when it was down 25% and it rewarded my loyalty by dropping another 10%. Am not impressed - that is a huge drop (was as low as -36.11%).
I'm thinking I should take a hit tomorrow and leave ALB once and for all. But the buy-sell ratio is favouring buy with 598k sought and 369k offered. Thus far Europe is mixed with UK down 0.71% after starting slightly positive, CAC and DAX down about 1.5%. But if the USA doesn't tank too badly I'd expect a pickup in ALB.
But as I say, if it keeps dropping when all around is holding then I want to see a reason for the downward trend or I'm out of here...
Robert
ALB Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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