HYD 0.00% 1.4¢ hydrix limited

Pre AGM trading, page-2

  1. 5,003 Posts.
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    Any way you look at it, any lower SP is going to hard to hold at those levels going forward. Even if lower prices are achieved, it would IMO be seen as just too cheap against the fundamentals bringing in significant buying opportunity support.

    They might get away temporarily by dumping shares on market but it would be going against the fundamental underlying value and product advancement which would ultimately lead to a failure leading to less accumulation than share dumped to achieve that pricing point.

    IMO if they want to short / accumulate it would be more effective from 38 to 25 cent level because the pricing would be closer to fair fundamental value right now and more accepted by the market in that range.

    At the 18 to 10 cent range accumulators and shorters ll be fighting a heavily undervalued asset leading to strong buying support whilst at the same time risking a material news release.
    Last edited by BazzleDog: 22/11/15
 
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