I'll hold your hand and help you through it blow by blow.
1. Spec end of the market has been horrible for over four weeks. (This means that on the whole spec stocks have drifted down)
2. The XAO reached its peak on the 15th of April at 5,048.6 - since that day it has declined 8.82%. This is a sizeable pullback (warrented or otherwise)
3. During the period between the 15th of April to the 28th of April the XAO retraced 3.8% - During this same period where most spec stocks were realy starting to feel the void of liquidity issues ADO declined 1.9% or $0.001.
4. During the period between the 15th of April to the 28th of April ADO traded at an average of greater than 0.051 which was above where it had started off that period. Even thought the volumes were light on, this still represented a degree of accumulated support. - As I said that is the market speaking (not me)
5. On the 28th of April ADO was sold off on low volume down to $0.048 and bought back up to $0.05 cents - Once again SUPPORT
6. From the 29th to date inclusive ADO has been sold off 16% on a volumes traded of 17.1million shares or approximately $769,500 = $128,250 per day
So I stand by the statments I have made at the time I have made them. The illiquid movement in the stock is a reflection of overall market sentiment and there is nothing you nor I can do about it. Its the way markets work.
If you can't see that and you still believe my comments are in anyway associated with non-factual ramping then I'm afraid your 75,000 share investment is probably a reflection of your analytical and researching abilities.
IMO DYOR
ADO Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
