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 • 19,753 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
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 614378 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 399997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 534378 | 0.016 |
25 | 6460812 | 0.015 |
10 | 2092049 | 0.014 |
6 | 2433923 | 0.013 |
5 | 1681667 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 399997 | 1 |
0.015 | 298978 | 1 |
0.016 | 1564858 | 4 |
0.017 | 3926765 | 5 |
0.018 | 3263577 | 10 |
Last trade - 09.51am 02/07/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online