ANO 0.69% 72.0¢ advance zinctek limited

same old story about triggering stop losses on a very thinly...

  1. 493 Posts.
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    same old story about triggering stop losses on a very thinly traded stock. anything can happen with this stock in the short term. There was confusion over Q4 not adding to profits, then the rest of the info came out after the market closed. The "market" you keep talking about was less than half a percent of the shares outstanding being kicked around by traders and algorithms on incomplete information; the sellers could easily be as "stupid" as the buyers in any given transaction. To say the market is stupid just makes no sense because the buyers and sellers cant both be stupid at the same time! We have not seen any evidence that the better informed holders are selling any shares. In fact, the better informed shareholders are trying to help you understand whats going on and why you should be taking advantage of the drop, for some reason.

    look at the long term picture. Revenue growth is accelerating from 100% to over 200%. EBIT growth is accelerating from 200% to 400%+ as margins are expanding. The balance sheet is completely unlevered and there is an extra $8m cash coming in this year on top of net income from the deferred tax asset. can you not see this logic? There is no alternative logic here, which is the basic idea behind logic in the first place.

    Now that the blackout period is over, I suspect Lev will resume his buying soon. Whoever sells to him is stupid!
 
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Last
72.0¢
Change
-0.005(0.69%)
Mkt cap ! $44.96M
Open High Low Value Volume
72.5¢ 72.5¢ 72.0¢ $5.063K 7.03K

Buyers (Bids)

No. Vol. Price($)
2 84372 72.0¢
 

Sellers (Offers)

Price($) Vol. No.
78.0¢ 100 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ANO (ASX) Chart
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