Plenty of insto's loaded up with >100m A2 shares leading up to AGM. Going on past performances they will heavily sell down their holdings if the share price spikes as they cant help themselves not taking a quick profit. They need to lock in profits to keep their jobs and keep other investors money flowing into their coffers.
The spike may well be justified or be artificially created to dupe others in buying into the spike because of the FOMO. Either way do we hold for the long term or reduce some our or holding for a profit this time around in the hope that every time leading up to AGM there have been better re entry price points available after the spikes.
Long term this share price will do very well but since it does not pay a divi, at this point in time, are we better of going with the flow of insto's money than holding. Would it be prudent in selling say a third of your holding to lock in profits in light of A2's previous history of price movements at AGM time in the hope of buying in again at a discount ?
History is just a indicator and not a certainty that the past will keep repeating like clockwork every time, decisions decisions.....
A2M Price at posting:
$2.01 Sentiment: Buy Disclosure: Held
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