BUD 0.00% 0.6¢ buddy technologies ltd

BUD Chart, page-1240

  1. 1,431 Posts.
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    Ccke Today was the first day the market was open since the shares came out of escrow. I just can't see them not having an impact. It's such an insane amount of shares to be coming out at one time, with all of them sitting on immediate massive profits. If even 10% of them are sold to take profits or for tax reasons that's 30 million shares the market has to absorb and the buying support isn't there at these prices to have that. I suspect we go lower from here but that just presents people with a good medium term buying opportunity.
 
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