I learned the opposite lesson early in the year when I sold for a loss only to see the price bounce back well above my buy price in the space of a few weeks, won't be repeating that again.
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Not quite sure you guys understand how big this is. Could almost destroy the daigou milk traders, which is massive. Be prepared to see supermarket shelves in Australia/NZ full of A2 milk powder again. If you see that, bailing out might not be a bad move as you would be reliant on A2 being able to replicate their success IN China. Not clear that this will happen.
A2 has massive worldwide potential, these temporal stumbling blocks don't change that.
Having sold half my ATM north of $2 and with a 'free' balance, for once I'm nicely positioned to buy back in. (Tho' I'm still learning and sold my TIL way too early!)
ATM is still an exciting company with huge long term potential so I'll be watching carefully.
I think the point here is China with its massive lactose intolerant population needs milk products from companies like A2, Bellamys and Blackmores than the way around.
Its just that as someone mentioned here before A2 has become massive traders (shorters) stock in past few months.
Agree with couta1 there, A2 has not put all eggs in one basket they've huge potential in UK and US. If you're a believer in their longer term story nothing much has fundamentally from day before yesterday.
i don't have any problem with sending A2 or Karicare back to china...
And there I was being pissed off about selling my profits for a free ride at $1.60 in January. Ouch.
It has been signaled by Chinese authorities for months now that they are going to regulate the industry more widely.
It is well known that sales of A2 milk formula have benefited hugely by back door sales.
That door looks to be closing for now.
Still a great product.
Was looking to get back in at lower prices, Is anyone able to state the next technical support level ? As would hate to get back in too early.