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Nasdaq up500%, page-26

  1. SpikeCanonBooks
    49 Posts.
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    13/06/23
    09:37
    Post #: 68252682
    The ratio of ASX shares to NASDAQ American Depository Shares is 7:1.

    Using that number and an exchange rate of $0.67, the NASDAQ closing price of $2.40 means if the ASX were to follow we should open at:

    $2.40 / 7 / 0.67 = $0.51.

    Of course no guarantee we follow the NASDAQ exactly, but should be closer to this number than $0.15 in theory.
    AHI Price at posting: 8.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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