Ann: Sun Hung Kai and Lympo invest in Animoca Brands, page-115

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HoganHound

1,422 Posts.

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17/08/18

13:56

Post #: 34996814
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Originally posted by mr_delta ↑

there is this tendency on the ASX punters' mind:

1. If the CR price is below the current MC, SELL SELL SELL as the buyers are going to flip it for a 5-10% gain

2. If they have sold out and if the price starts moving up, BUY BUY BUY in FOMO

3. If the rally stops, then it is the "worst management on ASX posts" and then again SELL SELL SELL

rinse and repeat - replace company name and you will see the same pattern

what they never see is that when the price dived on Day#1, there was hardly enough volume - a big drop in sp (almost 20%) on less than 2% of the SOI is not something to be alarmed... it is just retailer with extremely short term views exiting out at the first opportunity.... smart money would have topped up below 7c and today @ low 7s...

yes, CRs are never loved and dilutions are the bane of the junior ASX stocks... but look at the complete AB1 story in the last 3 months... this one is getting primed for a big run... we have come up from 3.7c ==> 8c now, I guess, the next big move will take us to the last year highs of the teens - give it 6 more months and we will be laughing all the way to the bank... the revenue will start trickling in and the new mob on board will be pulling out all the stops to make their entry worth while in a junior like AB1...

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great analysis ab1 has too many punters in there and its easy to make fast gains on a daily basis if you time it right you can make 5-10% daily and volume for a small cap is solid.

Folks forget that at the end of the year it was 1-2

AB1 Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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