ATM - A2 Milk Corporation Limited

**Balance** · 23-07-2019, 03:59 PM

Originally Posted by sb9

From my diary...Jun'19 export data is due out tomorrow. Hopefully we should have clarity by Thursday on export numbers out of Lyttelton port.

Man goes out for a meeting, comes back and ATM has powered to yet another ATH.

Rather telling in the last few trading days is the lack of turnover volume on the NZX - looks like NZ shareholders have gotten tired of supplying 'cheap' stock to the ASX?

**Balance** · 23-07-2019, 05:06 PM

Originally Posted by NZSilver

Agreed, I think we will see $17.50 nzd soon, and nearing $18 in next few weeks, as long as there is no wider market downturn.

Low volume with the high level of shorts in place = shorts struggling to cover imo.

One thing to watch is the volume of shares sold on ASX vs NZX. Used o be 1:1, then 2:1, then 3:1 and lately, as much as 5:1 as the supply of stock from NZX 'dries' up.

If Xero, Lion Nathan and Nufarm are any guide - means A2M is heading much much higher as demand on ASX exceeds supply from NZX.

The multiple brokers' upgrades so close to the results mean that the analysts have got the word that the forthcoming results are going to be good imo.

**Snoopy** · 23-07-2019, 09:29 PM

Originally Posted by sb9

In the hope that company would falter on some parameter or some black swan macro event.

Oh dear, that is rather an unfortunate metaphor for A2M. Do you know how many Black Swan's there are in Australia? Not saying you are wrong though!

SNOOPY

**sb9** · 24-07-2019, 12:12 PM

Originally Posted by sb9

From my diary...Jun'19 export data is due out tomorrow. Hopefully we should have clarity by Thursday on export numbers out of Lyttelton port.

Export data out and looks pretty good, overall growth for period Jul'18 to Jun'19 is 41.42% and courtesy of jzhuang of HC below is the snapshot.

**see weed** · 24-07-2019, 01:43 PM

Wow! good pull back. Time for all the FOMOs to jump on board before it reaches $21. This will be the 7th pull back in 23 trading days, since the close of $14.02c on 21/6/19. Once all the sellers have sold then up up and away again, don't miss out

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**sb9** · 24-07-2019, 02:15 PM

Originally Posted by see weed

Wow! good pull back. Time for all the FOMOs to jump on board before it reaches $21. This will be the 7th pull back in 23 trading days, since the close of $14.02c on 21/6/19. Once all the sellers have sold then up up and away again, don't miss out

.

Yep, UBS doing the helping hand for shorters by lending stock.

**Balance** · 24-07-2019, 03:33 PM

Originally Posted by see weed

Wow! good pull back. Time for all the FOMOs to jump on board before it reaches $21. This will be the 7th pull back in 23 trading days, since the close of $14.02c on 21/6/19. Once all the sellers have sold then up up and away again, don't miss out

.

One step downwards and 5 steps upwards - that's ATM's sp movement.

**Ggcc** · 24-07-2019, 03:52 PM

Not too bothered by the pull back it did seem too good to be true and unrealistic no one would want to make a quick buck. I still think this time next year we will be over the $20 per share so not worried at all.