"Bruce I wasn't asking Vendor to stop posting."
Chuk,
My last post wasn't directed at you or anyone in particular.
I was just supporting a view of Vendor's that people often get caught up in the euphoria of the positive posts being made in most of these HC forums, and their emotions and exuberance for a stock has cost some of them plenty of money.
Long term predictions for a stock are very difficult to make. A well-known Adelaide owner of a stock broking company was predicting a $20 share price for Peptech, about 10 years ago. He was telling people to buy into the stock at $5, and holders to keep their shares until it hit $20. Whilst the smart investors were selling out. When Peptech hit $1 there were legal proceedings, media coverage and thousands of investors who had collectively lost millions and millions of dollars.
People who err on the side of caution in a stock investing are usually the most consistently successful investors. When a stock's sp drops by 20% do you sell out and conserve 80% of your capital or not? Some investors do this religiously.
Where will ABU's sp be 2 months, 6 months, 12 months or more? No one has any idea! The market will determine that.
It depends on why people are holding onto ABU. Some think of ABU as a "hip pocket stock", sit on it through thick and thin in the hope of a 10c to 20c sp in the long term.
But some posters on here have the belief that ABU could do a run like ADN and be as high as 20c within the next few months. This is really wishful thinking. I just can't see that happening.
Time will tell.
Good luck to all investors.
Go ABU!
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Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $846 | 423.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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21 | 74523422 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 4181933 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 74523422 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 4181933 | 2 |
0.003 | 18699556 | 17 |
0.004 | 2644000 | 4 |
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