Good aye. That would be over a 4 or 6 week period? If it goes to low, then take over offer, then sp jump to 25 dolla :)
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the aussie opening should be worth watching a couple of sellers at A$6.00 trying to mop up,but looks like it might settle at A$6.25
Broke into my piggy bank and nibbled a few at $7.10 :eek2: go up now please :D
Couldn't resist the bargain this morning so doubled down on my holdings at $6.94 just before AUS opened. recovering nicely.
If it can close above the open, say $7.56, that would be a strong technical buy signal.
Has it been through the Milky Way phase already:D
One view from Oz :
https://www.fool.com.au/2017/11/08/w...e-red-today-2/
"The a2 Milk Company Ltd (Australia) (ASX: A2M) share price has continued its decline and is down a further 2% to $6.68. At one stage today the infant formula company’s shares were down as much as 5% as investors continued to take profit ahead of its annual general meeting on November 22. I would stay clear of it until its AGM update."
https://www.fool.com.au/2017/11/01/w...8-lower-today/
Why did its shares sink lower?
With no news out of the company or broker notes to speak of, it is likely that investors have been spooked by a change in substantial holding announced yesterday afternoon.
According to the announcement, Colonial First State Asset Management has trimmed back its holding in the dairy company from a 6.4% stake to a 5.4% stake.
Although no explanation was given for the selling, it is likely that the asset manager has decided to take a bit of profit off the table following its stellar share price gain this year.
After all, a2 Milk’s shares are up well over 250% since the start of the year thanks to impressive sales into the lucrative China market.
Should you buy the dip?
While I think a2 Milk is one of the best buy and hold investment options on the market, I wouldn’t be a buyer at this share price.
At least not until the company has held its annual general meeting later this month. If it fails to deliver a sales update which justifies the recent share price gains, then there’s every chance that its shares could tumble lower.
In light of this, I think the prudent thing to do is to keep your powder dry and wait patiently for its November 22 meeting.
I often disagree with the fool, but I think this time their view is spot on. I will wait for the AGM and buy back when the facts are on the table. Might cost a wee premium if the data are better than the market expected (but hey - how good do they need to be to justify even the current already moderated price), but in my view more likely will save some money.
Apparently pre orders for A2 are going ballistic leading into singles day on the 11th. Hope holders have got their full fireproof kit on in case it gets hot in the kitchen again today.