Tech stocks have been absolutely slaughtered in the last 6 months and again no doubt the various brokers with a buy rating in the 3's and other outrageous valuations on other Aussie tech stocks at 2021 prices ?may have been selling??? last few months (who really knows??) - only to then be all lining up at the trough, with snouts all the ready - for the taking of the upcoming dilutional free for all swill, as management of these stocks scramble for cash : swinging in another round of ASX 7.1 CR's that penalise existing holders. These big brokers aren't stupid. The know they will be fed cheap shares. It's near on 100% guaranteed. The BODs of small caps that don't make a profit are forever kicking the can. Then feeding the trough.. Wait for the broker re rate with way lower SP targets then all of a sudden comments that tech and growth are back. It will be rinse and repeat. Won't be that long I think as everyone wakes up we are in recession RIGHT now as the RBA seems hell bent on tightening into it all to make it all worse. Just MO NA
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