That strategy wouldn't make sense and is counter intuitive from a contrarian view.
If you are retail there is every chance you bought in well above the current level, selling now would give you a soon to be realised capital loss (EOFY) and good if that can offset gains.
However with the level of 'positive opinion' here from the bulk of the retail holders they would just simply hold on and hope for the best, NOT sell. Even if ADO goes into administration it may take a few years to settle and announce it is delisted and not worth anything, still a capital loss albeit delayed and money sitting idle.
You may however sell, claim the loss and buy back at a cheaper price, most retails holders here would not be that savvy as they most likely initially heard of ADO from the taxi driver, friends or family.
ADO Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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