Most CR are preceded by a pump of some degree by the broking "community" and typically they sell it down to and sometimes below the CR price.
However in this rare instance the opposite happened with a dump first (67%) and then a CR at the lows. The broking "community" have manipulated our BOD's minds and eventual decision to raise , out of necessity (which they brought onto themselves with poor judgement in the first place - hence we all got skinned as a result)
But now it is what it is , so lets all move on and focus what lies ahead.
Given that we had a huge dump preceding the CR and what is ahead of us with a number of milestones rolling out between now and early next year the upside potential in the SP is huge. And given that the broking community are not stupid , and like us , would realise the huge potential & upside, my hunch is that they will refrain from selling at these low levels and therefore , in my view the next big move in the SP is to the upside.
This view is also supported by TA with a double bottom forming and about to make an explosive move upwards , and the shorters will also join in buying back their shorts , lock in their profits and move to their next target.
ALL IN MHO , AND DYOR.
- Forums
- ASX - By Stock
- ADN
- General comments/chat
General comments/chat, page-24242
-
-
- There are more pages in this discussion • 19,892 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.9¢ |
Change
-0.003(13.6%) |
Mkt cap ! $59.09M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 1.8¢ | $206.8K | 10.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 7874401 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 582427 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 7874401 | 0.018 |
11 | 5226549 | 0.017 |
17 | 3734491 | 0.016 |
30 | 6124833 | 0.015 |
5 | 1250316 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 582427 | 1 |
0.021 | 668070 | 2 |
0.022 | 2861914 | 9 |
0.023 | 403017 | 6 |
0.024 | 861838 | 10 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |