A lot of analysts have said this is going to create a good buying opportunity. One of them even said it on YourMoney Your Call this week.
I believe it will drop to around 55c before people realise what a bargain it really is and buy back up.
Does anyone reckon this could be an inside job by the management?
My crystal ball says this -
Management drop the earnings guidance, short the company, make a killing when it relists, price drops to mid 50s early 60s, long term holders are disheartened, a white Knight comes to save the company in the form of a takeover ***, they offer 80c a share which is a 33% premium to its trading range and everybody jumps on board.
*** Indicates that the White knight is a company where current management are on board with / hold shares in.
Please note - This is only my crystal ball prediction and no one should base their trading strategy on this theory.
Thankyou
- Forums
- ASX - By Stock
- SIP
- in at $1.06
in at $1.06, page-47
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)