KDY 0.00% 2.7¢ kaddy limited

I decided to top-up today. Very little downside risk with the...

  1. 1,016 Posts.
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    I decided to top-up today. Very little downside risk with the current TA even if the trend fails ATM IMO if you are sensible.
    Fundamentals are even stronger today than they were pre announcements, its just there was some value distortion with the excessive buying (which I actually argue was a backlog of pent up demand from a big player who wanted to accumulate previously at lower prices but was forced to buy at higher prices with the announcements).

    I think it was hover between 170-145 and then will breakout again if fundamentals stay constant and there is no dirty play. They significantly increased their TAM and their product has good proof of adoption now. Valuation wise is very risky but anytime the market pays a premium for a company it means it has strong sp growth potential.
 
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