CCA. Just some thoughts on the action. No expertise on the finance side.
There was huge hype and calls for $1. CCA got well o'bought. Obviously insiders thought punters were mad and took the chocolates. Got sold down so hard that many were caught holding etc. That was a big sell off.
But fomo was strong, so after gets sold down to near 20c sellers and fomo want to buy back in.
SP moves back up quick but now we have more sellers around. Not much follow thru and looking like a dead cat bounce. Nearly all the buying from other day got sold down.
What do we know about FA? No customers or revenue and we think cos it's got Mastercard link must be good?
I don't pretend to know but selling action not what you'd expect if this is as big as punters think.
I don't think shouda got sold down past 30c if any good, and should get back towards 40c asap if any good. Have to wait and see.
I was waiting to buy closer to 20c cos I wasn't convinced.
