ADO 0.00% 2.0¢ anteotech ltd

Ann: AnteoTech Customer Ellume Secure US Contract, page-93

  1. 30,285 Posts.
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    Yes it's a good thing to get a SP rise for a change on the back of a good ann but let's not get carried away.

    The differences between GME and ADO are stark.

    Firstly GME has only 70 million shares on issue. It also has been massively shorted by hedge funds, including naked shorts to an estimated 160% of the SOI.

    Because of the naked shorting and shareholders' revolt against hedge fund manipulation (attempting to drive GME into the ground), the SP has had a near meteroric rise and even with the pullbacks now is well up for the last 12 months. The retail shareholders followed an independent analyst DFV who is on reddit and make his big move when Cohen who developed a pet supply business online, got into management of GME.

    The metrics are completely different to ADO. GME has operating retail stores internationally and an online presence. It's got a serious income stream it's a mature company but it is on the cusp of change to more of an online presence and reducing brick and mortar stores or probably ramping up gaming to greater community events). $2 SP with $70 million SOI as the baseline is vastly different as a proposition to .18c and 1.65 billion SOI. Keep it real.

    There is a short squeeze going on with GME and LT investors are holding thereby squeezing the shorts. They call it diamond hands, representing the pressure they're putting on the hedge funds.

    Holding onto ADO will not squeeze shorts because even if shorts exist, they aren't excessive and certainly not exceeding the SOI.

    There is now a ban on further shorts issued yesterday by the NYSE. There is a hearing in Congress pending into it. It's intensely political. This makes the GME situation very interesting indeed. Hard to say if the short squeeze is over.

    Prior to this, and fuelling the rise GME retail investors bought and held, fired up about the attacks and following the analyst piled into a (misnamed) brokerage Robinhood. The problem is that RH has then helped out the hedge funds, with a ban on buying GME but allows selling. Combined with the ladder attacks this has made some retail investors afraid. Then it relaxed this restriction and has allowed only a few shares of buying.

    Mainstream media is reporting that most of the shorts are now covered. About 60 million shares were traded today a similar number yesterday. Hedge funds have lost an estimated $2billion. Many would have been options ticking over.

    This is totally different to ADO, except perhaps some analogy with DT and Cohen. But don't take it too far.

    Silver was given a lift because millions of people piled into reddit and this which included distractors who were saying to rattled retail investors to pile into silver or AMC (which has also been shorted but not to the same extent). Silver has been massively manipulated too and one fund had to pay US$1billion fine.

    But the situation with ADO is vastly different. Vastly.

    I don't post to weaken anyone's resolve. It's for transparency and to keep it real. Upramping is damaging in the LT and ADO does not need it. What it needs is less of the ramping cycle IMO.


    Last edited by dolcevita: 03/02/21
 
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