Hi fastfreddie,Always a tough one trying to pick the bottom....

Hi fastfreddie,

Always a tough one trying to pick the bottom. Personally, if I was still trying to build a position I wouldn't worry about a few cents difference and would just snap up what is available, especially if you believe that we'll have a binding purchase agreement signed by November 30 which would likely cause a substantial rerate and make building a position more difficult. If I'm expecting a stock to 30x or more then why not buy at current prices? Another approach would be to wait and see if there is a delay or anything negative regarding ACC. No doubt you'll get a much cheaper entry if this occurs, probably near or under CR price but of course you run the risk of missing out and having to buy higher.

That being said I'm actually surprised the share price has retraced from recent highs considering the potential catalysts that are upcoming. I recently predicted that the SP would continue to edge higher in anticipation of a positive announcement however it has done the opposite of that so it shows what I know. Despite this, I sold out on some under performers and bought on this weakness today because I still believe that the purchase agreement should be signed on time.

Not advice, all my opinion, DYOR etc.