Gungadunnni - Do the bots and short sellers mean anything to the long term value investors ?
Hint - It depends
It depends on who is using the bots and for what purpose.
Are the bots there merely to facilitate a successfull short trade for some entity(s)? Preying on the easily manipulated amx stock.
Are they actively accumulating for a substantial shareholder wishing to average down ,knowing that there is a larger sized seller present ?
Is it accumulating on behalf of a suitor , hiding behind one of the holding co's ? Building a large enough stake to throw its weight into a low ball offer ?
So then what happens and when? --> that all depends on which of the above is the correct scenario.
And what about this --> If any company that viewed the data liked what they saw , and were going to place a bid back at 70c , you can't tell me that they wouldn't now be buying "on market" at this level. Why wouldn't they ? Buying here could save them tens of millions down the track, when they put together an successful bid close to the $2 mark.
Thoughts Gunga ?
AMX Price at posting:
44.5¢ Sentiment: LT Buy Disclosure: Held
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