Many refreshed their app endlessly this morning at 10am hoping to see us continue this amazing run we've had for the last few days. I know I was hoping to see some more green.
So why the drop?
It's definitely not a retrace, but its because of something we've experienced before; nearology.
If our close competitor releases positive price sensitive news, we also hop on the ride, while if they release news the market doesn't like we also follow into the ditch.
Today BAL has had a howler of a day; in fact make that a howler of 10 mins. Within 10 mins their SP plummeted by upto %40; because of their market update.
What was said in this hell of an announcement;
- EBIT margin just below 20%
- Mentions temporary dislocation moving to new regulations
- $120M forecasted for 1HFY17 (HORRIBLE)
- Singles day sales well below company's expectations
Whats that mean to us? Unfortunately we too will continue to take a hit for the next few days simply because this has now raise a few eyebrows and has activated a few anxious hands. The IF today took a big hit all thanks to BAL.
Even though we have proved time and time again that our product is superior to that of Bellamy's not to mention our management, company vision etc; IMHO we too will take a hit were we will test the late $1.9 or early $2. Once the dust settles I am sure we will regain the momentum we were suppose to showcase today .
In the meantime, I've sold and will look for a much lower re-entry; if it means I make an extra 10-15% and reinvest that back in late this year then I'm happy. As I said I would sell, and buy back in in a few weeks time. That is my learned opinion and isn't factual information. What I am sure of though is that A2M will pick up again early next year!
Happy Friday guys
- Forums
- ASX - By Stock
- A2M
- Today explained (02/12/16)
Today explained (02/12/16)
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.15 |
Change
0.030(0.42%) |
Mkt cap ! $5.168B |
Open | High | Low | Value | Volume |
$7.14 | $7.18 | $7.12 | $12.98M | 1.815M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15637 | $7.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.17 | 4741 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4591 | 7.150 |
2 | 1414 | 7.140 |
3 | 9306 | 7.130 |
2 | 20779 | 7.120 |
3 | 16060 | 7.110 |
Price($) | Vol. | No. |
---|---|---|
7.170 | 104 | 1 |
7.180 | 28428 | 10 |
7.190 | 8911 | 3 |
7.200 | 26585 | 13 |
7.210 | 6148 | 1 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
$7.16 |
  |
Change
0.030 ( 0.65 %) |
|||
Open | High | Low | Volume | ||
$7.12 | $7.17 | $7.12 | 574495 | ||
Last updated 15.59pm 05/06/2024 ? |
Featured News
A2M (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online