Yes Tane - It is setting up technically in line with the...

Yes Tane - It is setting up technically in line with the potential for upcoming news

Broken the downtrend and now starting to flag - which is a sign of building sp pressure on the offer and less selling into bid

I prefer to get set on additional holdings a little earlier as the low end of the base had formed and buying was IMO cheap on a MCAP basis

Just remember the volatility in ADO works both ways - We have seen the big move up and now the big move down - This is a result of the Top holders (Top 100) holding or adding - Only was 1 seller of any size during last run up

If you do want to build any decent size position in ADO (and I mean small fund/insto etc) you need to do it when there is little interest as when news comes and revenue propositions become clearer there will be many more buyers.

I was buying at 12 and 12.5 and didnt think I would have got that opportunity but Mr market decided it was so.

I have watched other ASX companies over the last 6 months and the increase of HFT has made these moves even larger in both directions when demand for buying or selling increases

The only reason this was pushed below 14c was on a large short sell designed to catch stops IMO

20 cents is fair value for what we currently know IMO

Any more news and that gets reassessed