Does anyone think ISX is too liquid? I.e. for a billion market cap company, there are 1b shares, ceo holds 40%, Red holds 10%, but there are still 500m shares floating around! Other billion dollar companies share count is usually 100m or lower. I think too many share count create opportunities for traders to manipulate in the short term...
I was busy with my day job and missed out on buying below 70c. This is like watching an action movie! For new comers and long term investors, calm, relax, be patient. We could have ADI license in days and Q3 earnings due in weeks. Overall thesis has not changed, $10.7m ebit by dec 31 2019, which is only 3 months away.
Lastly, if you diversified, you should be doing pretty good today. Most aussie growth stocks are up a lot today, I am well in the green overall.
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Does anyone think ISX is too liquid? I.e. for a billion market...
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