hoots, page-92

Wow - that was a ballsy play to put nearly $2.5m into the company in the early days when it was unproven and probably considered a speculative play albeit it was in the food industry not mining or tech. Hindsight is always a wonderful thing but you must have been tempted to bank the profit and cash out completely when A2M was trading at all time highs while the broader market was tanking due to covid

I understand that would have also crystallised a huge tax bill but its pretty hard to avoid tax being paid eventually .
I realise you are a fundamental investor and charts cant for see black swan events like Hindlicker dumping her stock. But charts over the medium term can show stormy waters ahead. There was plenty of time to get out of the stock around $17 - T/A never gets you in at the bottom or out at the top but it will help you capture most of an uptrend and avoid most of the downtrend.

A2M has not traded for extended periods below the 200 day moving average before this coupled with the shorts betting on a fall was clearly painting a different picture to management previous guidance. Having said that the first revised guidance had so many caveats on it that it was almost certain to point to Fridays downgrade.

As we spoke about on the other thread the stock had fallen from $20m to $13 so there was a lot of bad news baked into the price. If it cant quickly get back above $13 then that indicates to me the market is expecting them not to evenmeet their revised guidance . If that were to happen it would signal a quantum shift in a company that traditionally has under-promised and over delivered. If this latest downgrade proves to be a shift to the ASX norm over promising and under delivering it would signal the end of A2M, market darling status.

I am not a fundamental investor so I dont know what the company is currently -worth the guidance they have issued is still very much a guess given the covid travel restrictions and Chinese sabre rattling. From a T/A point of view its oversold and will bounce at some point that is when the test will come. Will it prove to be the bottom is in and the worst is over or will it be a DCB

Anyway just my thoughts and I total got blindsided by the "V" recovery in world markets . I am 63 years old and nothing that is going on now in the world makes any sense to me . 2021 is going to be a very interesting year

Merry Xmas to you @SmugLex that is a very impressive paper profit still sitting in your portfolio