Nothing pro Instos like more than seeing 2-3-4 dollar party on threads on share forums
They gone straight into them on the short side looking soft the buying again today
In order for A2 to get to 3 dollars even they will need significant revenue growth at some stage the rapid growth of a low base on listing will plateau out
Most of the revenue growth for FY 17 is priced in I don't think you will see much growth in the sp
I mean it's still the same price it was back in jan feb in reality there has been zero growth in this stock in 9 months
If all this growth an revenues of 2 billion in 2 years was true instos would be pouring everything into this they are not
30-40 per cent of sales by volume have been on the short side the shorts that held of the highs of 2.20 an 2.36 are well in front an will likely not close shorts anytime soon
The general market is facing head winds the US has topped out fear of rate rises has seen our market have an awful
October an likely with us rates going up there will be no santa rally this year
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