ASK 3.36% $1.23 abacus storage king

ASK appears to be in extremely troubled waters here We see a...

  1. 4,702 Posts.
    lightbulb Created with Sketch. 462
    ASK appears to be in extremely troubled waters here eek.png We see a DEATH STAR type candle here.
    Friday last week saw a major exiting of the stock. Almost $96M was dumped! what.png
    I took the entire weekend researching this and have been quite appalled....
    Reason being I have seen 100 IPO's since 2017, and I don't recall ANY that had ZERO shares under escrow.
    The entire 1B+ shares, the majority is owned by institutions and banks.
    Seeing as though cheap shares were issued at around the 47c level according to the Prospectus, with an IPO pricing of $1.43 it's done nothing but continually sell down.

    I think someone has just lost the status of Substantial Holder and seized to be on the board. In due time I believe we will see an announcement highlighting this.

    Below are my thoughts attached on the chart being daily and hourly. GLTAHz. I suspect a new 52wk low coming, a test of $1...May continue to slide down to 47c as per IPO Papers. DYOR as I have and formulate a plan accordingly.

    SENTIMENT = SELLLLLLL
    POSITION = HELD


    https://hotcopper.com.au/data/attachments/5588/5588443-2bb2af39a867eb1122ade7bc281f6759.jpg

    Last edited by Cheeky-Charm: 18/09/23
 
watchlist Created with Sketch. Add ASK (ASX) to my watchlist
(20min delay)
Last
$1.23
Change
0.040(3.36%)
Mkt cap ! $1.616B
Open High Low Value Volume
$1.21 $1.24 $1.20 $1.875M 1.527M

Buyers (Bids)

No. Vol. Price($)
1 7622 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.24 18417 2
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
ASK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.