AT1 3.85% 2.5¢ atomo diagnostics limited

AT1 FY21 - General Discussion + FA, page-1333

  1. 5,444 Posts.
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    re the price action, it remains as it has been for like 8 months

    1) someone sits on the lowest buy, and buys, and puts what they bought on the sell
    2) so each level of the buy evaporates and moves into the sell
    3) you just repeat 1) and 2)
    4) then on any announcement the share bumps up and all the buyers become sellers at the higher price: they gain a profit, then start the push down of 1) and 2)

    the share price will keep falling 1/2 cent every couple of days until an announcement; with no announcements, this will be 19 cents in about 7 to 10 days; there has been no change to this pattern for many months

    the key to make money is step 4; you need to decide if the announcement is just marketing guff with no financial meaning; all announcements in the last 6 months have been exactly that; it sucks people into reading between the lines and trying to see a financial benefit - and buying the price up; only to realise there was nothing financially beneficial in the 'market sensitive marketing guff'; Atomo managements should hang their heads in shame; I dont think they are doing this on purpose, they are just wet behind the ears; maybe the marketing dept runs Atomo; that would be a way for the failed salesmen to cover their bums; but remember, all will be good... in...

    https://hotcopper.com.au/data/attachments/3173/3173958-3158615ee804fc745fa200d25ee8716b.jpg
 
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