I will stand by those comments - 7.2 is indeed achievable.
There was always going to be an exhaustion of this rally.
Contrary to opinion it is not hindsight at all.
I watch for trend confirmations and failures.
If the stock starts to loose momentum I begin to bank some profits.
If the momentum is building I average up again.
6.5 was a blow off - it happened quickly and with ever decreasing parcels. These are the mums and dads as I like to call it. It a generic term I use for people who have very little knowledge of how to trade, but rather follow the hype of the buying or the noise being made by speculators.
If ADO dips below 5.3 I would regard that as point to sit it out.
With the CEO having spent nearly a large amount of time overseas in the past two weeks, there is a high probability of news in the very short term.
If this happens you can take 7.2cents and double it.
Have a crack at me in a months time if this does not pound on the door of 10 cents.
I will humbly eat my words.
IMO DYOR
ADO Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
