Thanks for the info. I need to relax a bit and just focus on the 2.9 cents eps for fy22. That is about my guesstimate number. My eps estimate for this year is higher than theirs. I am 1 to 1.2 cents. So aside from the odd gyrations we are part owners of a profitable, growing, world-helping company.
For the life of me, I cannot see why anyone who is a holder would sell. If you wanted to gain the quick IPO profit you would have sold by now. I really can only think one person is selling to themselves day after day and hoovering up any weak handed retailers along the way. It sounds like a stupid, conspiracy theory, but I cannot find another explanation.
At one stage I 'guessed' Mr Market must have changed his mind of the valuation. That is, Mr Market pegged it at 40 cents, then decided, 'no it is 30 cents'. That is fine, and the share would then sell down to 30 cents. But these 10% up and down movements is very, very odd.
And I did point out how sellers, when lined up on a line, can disappear when buyers approach them. That is proven. So millions of shares are indeed lined up to 'look like sellers', but they are not in reality. No one who is a holder, would line up share to sell, that they do not want to sell, UNLESS they are capping to BUY under their fake orders.
This action has gone on too long. Now, the buyer may be a real seller on news. For example, say the person bought a lot at 32-33 in the last two weeks. Well, they just waited for a good announcement and sold their hoovered up shares for 10% profit (two days ago) at 35. That seems a pretty easy game. We KNOW Atomo will have good announcements. We all know that. But we dont sell on them (and we dont buy on the push down) because we are just holders.
Now three times I have overbought (to sell on announcement). But I am just a small player. So my volume does not make it really worth the pain and worry and effort. Of course I wish I had sold at 35 so I can buy back now at 32. I could do. I could have done it. Any of us holders could have done that. But we all assume that ONE DAY this action will stop. We think good news will help our investment rise and have a new higher base.
So my current opinion is that 90% of the 'trades' you see each day are simply the same person selling back and forth. Even me buying and selling or selling and buying but not increasing my holding is the same thing. Me buying and selling to me.
I am surprised holders (real holders) cough up their shares. But it must happen, else what I describe above would not happen.
Now, such action is 100% illegal on the ASX. So I guess that proves it is happening. What a cowboy land ASX is. I do notice chi-x turns over almost as much on AT1 trades as ASX. So there is even more volume than I 'see'. I dont watch chi-x.
But this all tells me to think about numbers.
-profitable now... 0.6 cents eps, or 1 cent, or 1.2... one can wonder, but it is one of those
-fy22... 2.9 cents eps... and a PE of like 12 on a growth company.... let me into that
-quarterly this week.... let is go for 100% increase in revenue Q on Q
AT1 is a good, straight company in a not so straight, cowboy world
Expand
