if you read ACB booklet, you will know whoever doesn’t want lot...

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02/10/23

17:04

Post #: 70133963
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Originally posted by dc1234: ↑

Just a weekly update for me.
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Very unusual trading. But still on weekly basis LOT has done well. Moved from 23.5 to 27.5 for the week. So all positive.
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But there seems to be some sellers. I have not understood who is that. But they are continuously selling, and keeping the price at this level. If those sellers were not there, we should be closer to 40.
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So why are we pegged down? Because of a big seller? Because of merger? Because of impending CR (LOT around 18m and ACB 3m as of 30 June - so a CR is due shortly, after the merger - I don't know.
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Last week I mentioned I had long term holding from 19. I also had my trading stocks at 24.5 (after exiting my trading stocks at 28.5). I have again exited my trading stocks at 27.5. I have kept my longs from 19. LOT is undervalued and I reluctantly exiting my trading stocks at 27.5 - but my experience says its better to follow price action. So have moved those coins in other U stocks for now. But the day we get over this hump around 28, I will buy, because next stop will in 40s.
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Here is the Weekly Report on U stocks. Hope you all are doing well.
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https://hotcopper.com.au/threads/age-weekly-report.6580138/page-3#post-70115886

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if you read ACB booklet, you will know whoever doesn’t want lot shares will receive a cash payment. The stock price is fixed on purpose till 28th of October

LOT Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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