Hi Ladyluck,
First I better explain, although I used to be a professional trader, I do not day trade stock (scalp), particularly low cap stuff, I see it little better than a punt, you are not in a pit, where you have the edge, and can see what is going on.
Unless you have insider knowledge (which many do)you are at a major disadvantage.
I ended up with some ADY in a bottom drawer after investing way back in 2005 for the lithium play. Bought in around 17c, sat offside for a bit, watched it all the way up to 67, sold some at 58, some in the 30s, bought a few on the way down to 1c. Still offside overall.
Consider the whole ADY story to be essentially criminal, found out a lot about the players involved, consider it a learning experience for Aussie regulation(or lack thereof)
When all is said and done however, there has been a buyer who has been making a so so job of accumulating these last couple of weeks. He overcooked it the other day, and stood back to let the day traders fight it out, but he is back since. There has been bot trading, which says 'broker', and some fairly clumsy 'low ticking' on the close.
No idea what is going on, but expect a dirty play at best, that is the history of this mob (and yes, the original scum is still involved) The recent Sino investment "thing" is surely some sort of rort. This stock has for the last few years been purely a cash cow for the management, who have never missed an opportunity to rape and pillage.
What I hold now is purely for interest in the story. Lets see where the buyer takes us, anyone trying to sell and buy back cheaper has had little luck the last couple of days.
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