ALC
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10.6% 5.2¢ alcidion group limited

I have been watching for a while before I finally pulled the...

  1. BigPoppaBear
    388 Posts.
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    02/09/20
    21:06
    Post #: 47036895
    I have been watching for a while before I finally pulled the trigger at around 0.135 and then 0.140.

    As to the reasons why... let's just say it's a gut thing, but I based my entry decisions on the following...

    Main reason:
    • CEO bought $100K @.135 - if she thinks it's cheap at these levels then it must be.

    Supplementary reasons (not in order):
    • Normalising for March-20 when the market took the full brunt of COVID-19 shock - these levels are amongst the lowest over a 52 weeks period.
    • It's been trading side ways for the a while now - compressed Bollinger bands > poised for a breakout(?) with my limited TA knowledge.
    • Shift to digital accelerated by COVID.
    • Strong balance sheet - good cash runway.
    • then your usual analysis on management, industry etc.
    • Sentiment - when people are getting restless and questioning about progress when fundamentals haven't changed.
    ALC Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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