A2M 1.97% $5.48 the a2 milk company limited

Ann: Ceasing to be a substantial holder, page-6

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  1. 2,059 Posts.
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    I agree. I gave up on it a long time ago but whenever it comes up I can't help but solve the puzzle. It would not impact my investment decision making.. more for mental clarity and peace of mind.

    Even looking at the short chart can be pointless because too many shorts doesn't mean stock is going to crash (as seen in July 2017) and very little shorts does not mean the stock will go up (as seen in March 2018). Infact, the opposite has shown to be true. But basing investment decisions on that would be just as dangerous. One thing I do take from short numbers is that the stock with higher shorts has a higher risk profile (so high profit and high loss is likely).

    I see nothing dangerous on the chart. A2m is chugging along just fine. It doesn't look like that gap at $12.60 is going to close without news. Provided nothing negative comes out, I would expect to see new all time highs before the end of the year with a SP high of around $18 based on the charts but I think even that price is too high based on fundamentals (unless surprisingly high rate of growth in China, or meaningful new products are rolled out in high value markets that are not currently confirmed).
 
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Last
$5.48
Change
-0.110(1.97%)
Mkt cap ! $3.967B
Open High Low Value Volume
$5.56 $5.57 $5.39 $15.92M 2.911M

Buyers (Bids)

No. Vol. Price($)
1 5000 $5.46
 

Sellers (Offers)

Price($) Vol. No.
$5.49 6381 1
View Market Depth
Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
A2M (ASX) Chart
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