If the economic/market conditions persist (growth slowing), then this stock has the hallmarks of an over priced baggy stock going to something like 4c.
As much as the conspircy idoits here want you to believe it's about shorters, the reality is that you have massive headwinds for stocks going forward.
Growth slowing, QE tapering, Inflation, possible interest rate hikes.
You also have less speculative money in the market with people going back to work and also the cutting of stimulus money which people pumped into stocks like ADN.
If some of the guys weren't so over invested here they would notice that ADN wasn't the only stock that fell back to "fair value" or what the market preceives it to be.
It still puzzles me why so many here still go on about "Shorters" being the reason why the share price is down??
Could it just be that the only people interested in ADN are the die hard baggies on HotCopper and the market is just reflecting that?
Wouldn't it be more educational to learn about the market dynamics affecting ADN's SP instead of making up theories that you can never prove??
Maybe it's just easier for over invested baggies to believe a lie than accept any form of truth on where and why the share price is where it is?
Interesting to observe the stuborness of holders to accept reality and also the repeativeness of the myths spoken here.
Interesting..
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $265.3K | 16.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 9802121 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 719999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 7185455 | 0.015 |
17 | 6234083 | 0.014 |
5 | 1839692 | 0.013 |
6 | 2391080 | 0.012 |
1 | 1650000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 719999 | 2 |
0.017 | 455000 | 3 |
0.018 | 1227664 | 6 |
0.019 | 1036888 | 6 |
0.020 | 3320031 | 15 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
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ADN (ASX) Chart |