I honestly can not see a2m falling below $1. Yes it is driven by hype, but take a look at bellamys, blackmores, Bega cheese. Like those companies, a2m SP is also driven by the fact that people believe this is a high potential company that will become bigger and better 2,5 or 10 years down the road.
I for one, believe the share price will increase towards the $2 range leading up to Feb announcement, and yes that will be driven by hype and hope. Then we shall see where the SP go from there.
There may be a retrace after the hype dies down and investors cash in their profits, but as long as there is a demand for it, and the company is able to meet the demand, then it may be worthwhile to hold on or rebuy into A2m later on
I honestly can not see a2m falling below $1. Yes it is driven by...
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Last
$6.77 |
Change
0.000(0.00%) |
Mkt cap ! $4.930B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.86 | $6.77 | $2.838M | 416.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5317 | $6.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.79 | 12922 | 16 |
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| Last trade - 12.56pm 12/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |