I think ALF was inflated to blazes above the NTA because of the...

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jamber

3,120 Posts.

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24/01/15

10:17

Post #: 14635089
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Originally posted by eerrtt ↑

ok, so the ASX has rallied 5pc, ALF is down 15pc. What gives?

Buyers: 330,384 Shares
Sellers: 1,343,370 Shares

That is stacked seriously against any rises, or hope, of a bounce.

Can only be one of two things:

1. Big seller selling on massive volume through a institutional broker, who can offload small parcels cheap.

2. There is big problems with some trades, and profits, and the word is out. Sell before the retail investors hear about it!

Anyway, guess 1.30 is next support, and if that breaks, it is below NTA, and back to $1.25, where strong support rests.

If the next NTA is above 1.30, which is damn should be, then it is better buying! Look at the recent crash in the WAA share price, when it hit a huge premium, sellers flock, and averages return!

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I think ALF was inflated to blazes above the NTA because of the ff dividend. Now that there seems to be some doubt about that continuing, imo the sp will hover around NTA.
I only hold 25% of my original holding.

ALF Price at posting: $1.30 Sentiment: Hold Disclosure: Held
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I think ALF was inflated to blazes above the NTA because of the...

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