I added 250k shares today by selling non-performers. My view is that shares such as ATP are illiquid in part because very few investors know of, or follow closely, the business. I imagine very few people have access to the auction data published here by hotcongo and ResGloStocks. Stocks such as ATP are under-researched (there are no broker research notes etc) and share prices are inefficient. They thus offer a rare opportunity to exploit market failure. In such situations, it’s not a bad idea to fill your boots, and then gradually take profits as the market catches on eventually. It may be that is what the seller is doing.
ATP Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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