ADA 2.00% 51.0¢ adacel technologies limited

share price dip is buying opportunity

  1. 723 Posts.
    lightbulb Created with Sketch. 129
    Hi all,

    Obviously what has happened over the last week or so is that a reasonably large shareholder has exited the stock. Judging by the unsophisticated manner of the on-market trades, it looks like a broker doing some technical selling on behalf of a nominee account (so the person executing each trade has no personal interest in the sale price).

    To explain the selling, I've searched high and low for anything that could be construed as 'bad news' for Adacel. I could find nothing. Everything looks excellent for the stock and I maintain my previous bullish forecast. IMO Adacel is a very strong buy at current prices.

    I doubt very much that who ever is behind the decison to sell knows much about the company or its prospects. The reason for the selling is probably just 'portfolio realignment'.
 
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Last
51.0¢
Change
0.010(2.00%)
Mkt cap ! $38.92M
Open High Low Value Volume
50.0¢ 51.0¢ 50.0¢ $4.541K 9.062K

Buyers (Bids)

No. Vol. Price($)
3 12033 50.0¢
 

Sellers (Offers)

Price($) Vol. No.
52.0¢ 38301 1
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Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
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