Not really crystal ball. Sell off was classic retail panic given short interest actually shrunk over period. Ie a few stale shorts actually took advantage of weakness to close out what was probably a losing position.
I have said on this forum before that I think A2M goes to $30+ over the time 18 months. So big fall like we just had on no fundamental change other than a failing brand launches in comoetition.
In fact if I was a betting man I would suggest that nestle launch ATwo. Wait a few months after spending lots of money on front of store slotting money is paid to retailers (unprofitable gain). Make a bid for the brand leader - A2 and tell investors that they are saving them from eventual doom due to the massive marketing clout of nestle.
I for one would not fall for this unless we were close to my $30 as a bid price.
Not really crystal ball. Sell off was classic retail panic given...
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Last
$7.01 |
Change
0.290(4.32%) |
Mkt cap ! $5.067B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $7.12 | $6.81 | $26.19M | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 28521 | 7 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |