The more you buy the more it drops, page-9

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15/10/22

03:40

Post #: 64211776
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Originally posted by Phantom77: ↑

I found this sp is being suppressed for a purpose to be taken over.

i just wonder which institutions/ private equity may be interest in a full T/O.

The business model is still good. Its still winning contracts, it just restricted by the cbi issues.

i think eml in its current state is a better business model than zip and hum..... both of these stock have bottomed and slowly moved back up.....
Example zip dropped to 43c and is now 62c. Hum dropped to 40c and now 50c.

tyro dropped to 60c and now $1.40. Tyro announced increase in ebitda and rumour of banks /equity look at T/O. Eml and tyro were always seen to be compared to each other. Now tyro has left eml in its dust.

if eml sp is able to hover around the 60c to 70c for the next 3 months or more, i think it will allow for a strong support.
i just wished i did not hold alot of this stock, as i would be averaging down on the sp if it can hold its price after 3 months.
all i can do is use my available fund to buy lithium stocks and use the gain to offset eml. I should have kept a closer watch on tyro, it recovered pretty fast....within 3 months from 60c to 1.40

i wont be selling my shares in eml even if it goes to 40c.....when there rumour of private equity looking to buy and seeing how its sp is always suppressed, i think its manipulated to be T/O. At 40c private equity can afford to waste their money to resolve the cbi issues and relist eml back on the asx and make in excess of $1b profit.

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That's an interesting view, and it arouses a sense of curiosity regarding how things are playing out right now. As far as any T/A is concerned, every decent indicator is showing EML in heavily oversold territory. The question is, why is its head being pushed underwater? I think your take on it could reveal something happening behind the scenes we are not privvy to. The tree has been shaken so much it has resulted in all the retail investors offloading.
Tyro has recovered very well based on only the offer of a takeover, as well as, improving earnings projections as you noted.
I think it's clearly being done deliberately. With the NASDAQ up late this week, EML could hardly sustain a rise of even 1c. I'm guessing it falls again Monday with another sell-off on US markets.

EML Price at posting: 66.5¢ Sentiment: Hold Disclosure: Held
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