There should be an article on shorters.
They are building very fast, suggesting bad news is looming for A2M.
My theory is if no announcement prior to AGM, then sell out well before AGM date.
We want to hear something on CBEC guidelines and implementation and remove any sales risk for FY19. If this is not cleared pre AGM, I expect $7.
Friday is an example of shorters on the rampage, a slight rise to $9.41 followed by a quick smackdown to $8.98.
Shorting A2M appears a safer strategy than buying following our CEO's sell off of her entire holding. We are approaching 6% of issued capital in shorted shares. That is a large amount of negativity for a market darling.
Media Updates, page-175
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Last
$6.27 |
Change
0.010(0.16%) |
Mkt cap ! $4.532B | |||
| Open | High | Low | Value | Volume |
| $6.26 | $6.27 | $6.19 | $11.90M | 1.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11003 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 41533 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.25 |
Change
0.010 ( 0.13 %) |
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| Open | High | Low | Volume | ||
| $6.23 | $6.26 | $6.19 | 541327 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| A2M (ASX) Chart |