It certainly is a traders stock at the moment. Two types of traders, with both types having to be extremely vigilante and disciplined. Type 1 is the pip trader for say a quick 6 to 10% return with the risk being lack of liquidity thus stifling any significant SP appreciation. Type 2 is as your suggestion, the pump, liquidity returns and the SP increases 70 to 80%, with the trick being to pull the trigger at the right time.
A consolidation of the capital structure of the company is a distinct possibility during 2018 dependent on who ends up in control of the company. I wouldn't like to get caught holding large numbers of shares if and when this happens unless accompanied by an announcement confirming a significant revenue stream.
Very very risky holding large quantities of ADO whilst all of the boardroom shenanigans plays out. The $6 million will be quickly diminishing so wont be long before more loot is required.
Just my own personal opinion so the very best of luck in implementing your strategy.
- Forums
- ASX - By Stock
- ADO
- A couple of thoughts..
A couple of thoughts.., page-43
-
- There are more pages in this discussion • 157 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 ADO (ASX) to my watchlist
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.83M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $3.414K | 161.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 384663 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 616353 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 384663 | 0.021 |
12 | 2157550 | 0.020 |
10 | 3040767 | 0.019 |
10 | 1652665 | 0.018 |
3 | 94160 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 616353 | 6 |
0.023 | 857853 | 5 |
0.024 | 1306228 | 3 |
0.025 | 214144 | 4 |
0.027 | 680612 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
ADO (ASX) Chart |