Yesterday, I noticed great resilience against the AC8 drop in the US but then the bears came and sent it down to 77c. At some point there was no one willing to trade and AC8 climbed back to over 80 over just a handful of shares. Now we have a new bombshell in the US with both DOW and NASDAQ drop badly. Here we go again. The question is whether AC8 will go under 70c and try to test the low of 64c or not in the coming 2 weeks. I hope not. No one can tell. I notice massive recovery among speculative lithium stocks and rare earth Lynas. I guess we just have to wait to see how nervous the ASX is today. Retail investors like us can only watch the action to see whether it is worth buying a little. I got out of AC8 a bit early at 78c and 81c and now I am in a position to buy back but they key is to go SLOOOOOOW.
AC8 Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held
