Gassin is picking 3.3c for the bottom, I`m picking 4.5-5c as the bottom in the near term.
This is due to the supply that will start to dry up in the next few days and the reducing amount of stock in supply.
No one can blame selling at 4.5c when you were issued the stock at .006c. Thats a 750% profit and thats at the bottom. When the stock hit 20c then it was offering a 14,683% return and it was always going to find sellers/supply.
Most of the heavy hitting volume on the buy side brought in on the 2nd day at 10c+ and this alone is going to help the bid around 5c as its my opinion the big hitters stood back today just to feed themselves on the last of the quick supply of profit takers. Just have a look at the falling volume. I`m picking just 3 mill of turnover tomorrow when 5c is offering a quick 833% profit to the recent cap raise. Most if not all other stocks would have had a stampede of sellers at that profit margin.
Still it all rests on the company raising finance and that will be the defining moment with AYB.
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