CXZ (ASX) Earnings increasing &amp; multiples expanding (Re-rate commencing)

CXZ

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2.8¢ connexion mobility ltd

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jjjaison

156 Posts.

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04/09/20

17:59

Post #: 47100408
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Originally posted by YumYumHippo: ↑

all depends on when this joker decides he has got enough shares however he has done a solid job shaking out retailers the last few days, im guessing yesterday he was at about 250k worth of shares due to that giant dump into .023 yesterday and then the massive amount he bought again at .02 this morning so lets say he got to 350k worth today, I personally dont often see big dog investors jump in with much more than that at these levels very often due to the risk factor involved, they tend to buy about that much and then flip it for a few million a couple of bags later or accumulate more as they go up. However with the amount of sales left i think he will give it atleast one more shake before moving on. As for the sale side majority of that is held above .029 so even though it looks like bids are out numbered they actually out number the sales by about 10m at the moment from .028 down.

All we need is for this guy to stop accumulating and i believe we will be on our way. This all totally depend on how the market behaves on monday with another red day predicted for america and their market closed on monday. If we get a good few days of green, this guy finishes accumulating and we get a new major share holder announcement i definitely think we will see mid 3s by end of next week.

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Sorry, i disagree, i dont think we will see mid 3s next week. I think the following may happen:

1. new insto finish accumulating, price back @ ~0.026c
2. announcement of new CEO ~0.029 - 0.03c
3. new deals / good quaterly pushes us to 0.035c +

hopefully i am wrong, coz i got in above 0.03. However, i just dont see us going back above 0.03 without any news.

Originally posted by YumYumHippo: ↑

all depends on when this joker decides he has got enough shares however he has done a solid job shaking out retailers the last few days, im guessing yesterday he was at about 250k worth of shares due to that giant dump into .023 yesterday and then the massive amount he bought again at .02 this morning so lets say he got to 350k worth today, I personally dont often see big dog investors jump in with much more than that at these levels very often due to the risk factor involved, they tend to buy about that much and then flip it for a few million a couple of bags later or accumulate more as they go up. However with the amount of sales left i think he will give it atleast one more shake before moving on. As for the sale side majority of that is held above .029 so even though it looks like bids are out numbered they actually out number the sales by about 10m at the moment from .028 down.

All we need is for this guy to stop accumulating and i believe we will be on our way. This all totally depend on how the market behaves on monday with another red day predicted for america and their market closed on monday. If we get a good few days of green, this guy finishes accumulating and we get a new major share holder announcement i definitely think we will see mid 3s by end of next week.

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CXZ Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
6 Upvote

1 Great analysis

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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $25.20M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	358	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.8¢	3917	1

View Market Depth

No.	Vol.	Price($)
2	358	0.030
2	404942	0.029
5	3221606	0.028
2	138939	0.027
1	1000000	0.026

Price($)	Vol.	No.
0.028	3917	1
0.031	144959	1
0.032	211714	3
0.033	544578	3
0.034	46773	2

Last trade - 09.21am 31/05/2024 (20 minute delay)

CXZ (ASX) Chart

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