ADX 1.01% 9.8¢ adx energy ltd

rights issue massively undersubcribed, page-7

  1. 388 Posts.
    Only a bell-end would make a comment "further pressuring the SP?" about a stock that's GONE UP 42% in the last three weeks whilst the ASX200 has DROPPED 5% in the same time!

    "Reality check - Aisle 3"

    As for not being fully taken up on the RI, in the current climate i'm not sure many speccy plays could get a full book at the moment. It's nothing to do with just ADX it say's more about the market sentiment in general at the moment - bit risk adverse.

    TA wise the charts look great and the buy / sell depth tells a tale.
 
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