I would consider a crossing of a large quantity of stock a very positive sign.
Whether markets are appreciating or depreciating, large holders who want to exit must first find someone to buy that stock.
As ADO has been holding around the 5cent mark for a very long time and is rather iliquid at the moment, I would expect that a 10-15% discount for a large line be quite reasonable. Selling the stock on market would be detrimental to the seller.
ADO's performance until yesterday's broad market sell off has been in my opinion very strong for a Company who is yet to announce any major deals or revenue upgrades.
I am reluctant to recomend a buy on any stock in the market at the moment, however for those who's sights are set a little further than on the daily rumblings of the Dow Jones or the Euro - ADO is one worth a realistic punt in both the short and long term.
IMO DYOR
ADO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
