AEB affinity energy and health limited

market response/price action/ta

  1. 5,919 Posts.
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    The trend has been remarkably consistent through this entire year so far. At the end of last year I was (as usual) abused when I made a price prediction, and as it turns out I was actually quite conservative. I said I was sure it would drop below 8c this year and more than 50% sure it would drop below 5c by the end of the year (though may exit higher). Less than half way through the year we've already dropped below 8c.

    I expected the share price fall to slow because at this rate we'll see a price of zero around the start of September. I expected a change in trend but did suggest that a likely alternative was the the price would continue down to around 0.1c-1c and then sit stagnant indefinitely. It's hard to predict, but at this stage that's looking much more likely. I still doubt we're going to see sub 1c this year, but I am much more than 50% sure that we'll see below 5c, and I'm sure that the second half of 2014 will be more rocky than the first half (only a straight line would be any more smooth!).

    As usual I'll probably be hated and abused for saying this, even (especially) if I turn out to be right again. Whether or not you agree with any of what I say, surely you must agree that anyone who has been holding since the start of this year (or long) is indeed very brave.

    As always, this is just my interpretation and personal prediction, not advice, don't act on any of this, do your own research and make your own conclusions.
 
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