HCY halcyon group ltd

2.5c approaching

  1. 2,143 Posts.
    Let me first say; I do not hold any HCY.
    I have been watching the sp for the last couple of weeks and the last couple of days the chatter has died .
    Over the last 15 years I have seen alot of consolidations and the result has always been a lower sp after the event.

    E.G.I have noticed that when a company does a 10:1 say at 3.5c; then more often than not that new share wil drift down to about 22c-25c.So that will be equivilent to pre consolidation2.2c-2.5c.
    HCY may have a good story; but the above scenario will pan out.
    I don't mean to upset you Bionicboy;but that is what I have learnt over the last 20yrs.I do wish all of you good luck but I am going to wait for about 2.4c-2.7c, before I think about buying.


    These are my thoughts only and I do encourage you to DYOR!!!!!!!!
 
watchlist Created with Sketch. Add HCY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.