Agree that the downward pressure is due to the ANZ/Opes Prime scandal.
Looking at the chart since March 28th when 2,656,977 worth of the Tulloch's stock tried to cross unsuccessfully, these are the volumes from March 31st to May 9th:
127,700
131,100
193,900
192,400
350,000
119,100
363,000
308,600
361,200
19,100
16,500
29,100
40,700
469,600
100,200
49,700
24,400
19,400
46,100
98,000
26,200
43,500
78,400
71,100
125,400
151,200
104,300
56,900
Total =3,716,800
Of course the question how much is Opes Prime and how much are private investors.
Looking at the way they've been selling it looks like they are trying to get rid of what little they have left.
So I don't think they have much longer to go on this.
Production is due to start this month and revenue will start rolling in next month. Honestly this is like the perfect entry point.
I applied exactly the same principle when investing with FMG and CSL (when it was announced they discovered the HPV vaccine and were going to start production) and look where they are today. It's a simple strategy but it works!
- Forums
- ASX - By Stock
- GSL
- dyesol in the radar of industry analysts
dyesol in the radar of industry analysts, page-5
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)