BUD have had three steep approx 2 month period of declines from just before the LIFX acquisition. See Table below.
Notice that it is taking shorter time to decline more each time.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Start Ends Elapsed Days Start Price End Price % chg 1 15/1/2019 12/3/2019 56 $ 0.105 $ 0.059 -43.8% 2 30/4/2019 26/6/2019 57 $ 0.081 $ 0.043 -46.9% 3 18/7/2019 9/9/2019 53 $ 0.052 $ 0.024 -53.8%
After each decline, it would be followed by a brief period of hope which sees its sp make some 'notable' gain but also notice that the gain or relief rally becomes less notable after the first one.
Assuming the CR is successful (may be the last lifeline sophisticated investors would be extending ), its sp would most likely rebound from here (in similar fashion to previous patterns as shown above). This would be IMO your LAST chance to exit as the next phase of decline (coinciding with a tumultuous October market) could take it down another 60% (from 3c to 1.2c).
- Forums
- ASX - By Stock
- BUD
- Ann: Trading Halt
Ann: Trading Halt, page-27
-
- There are more pages in this discussion • 128 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online