16-18c is the right price. It rose from there starting in march in anticipation of the big news that was due.
It hasn't eventuated. People aren't waiting around.
Or possibly because some people know the reason why the news isn't coming this month or in the next 6, so selling down.
Gossip/intelligience/favours is the true currency of the the financial world. It is where the real money is. News travels fast but doesnt leave the corridors of power. They are a club and we are the outsiders. And so it will always be. The first guy to complain is an idiot, or an outsider.
So its a chance to buy low, or a warning to get out. Make your choice and roll the dice....
I would say its a chance to buy some more. The move to 28c was impatience and exuberance. The news is a little way off, as it usually is.
The biotech selloff has thrown cold water on top as well.
IMO.
ADO Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
