and down we go... there were big bids (126 on ASX for >$1.5m in total last time I looked @ $9.50 AUD , (about $10.40 NZD) all day, and they've just been filled in and more.
i bottom-picked earlier in the day but just sold out.
(my Mum always told me that picking my bottom was not going to end well..)
Wow, it looks like the market really wants to fill that gap. What’s also surprising off so much volume there have been no disclosure notices, really makes me wonder who’s doing all the buying and selling. Personally I’m very overweight in A2 right now but am going to purchase even more if the SP reaches $9.00AUD, I think there is outstanding value at that price trading at around a 2019 PE of 22.
So...8 days to go to MSCI index rebalancing. One might think that the vast majority of the shorts would want to cover their position before then.
One thing is for sure...never a dull moment. On the other hand...37 years counting beans...plenty of dull moments...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yes that’s where the gap sits but at 9AUD the screaming value is too much, I also find the stock market often does the exact opposite of what everyone thinks it will so I wouldn’t be surprised if we see a big bounce close to the gap.
I found this on short-selling on the ASX. My read is, that there has been a slight increase recently. Interesting to see that there was definitely short-covering in the original break up through $10, as there are almost no shorts left after that. Attachment 9689
I’ve read countless posts here on ST about how investors should never try to catch falling knives. Now that ATM is falling, the only posts I am seeing are from people describing the beautiful knives they have caught or will soon catch.
Bull you seem to love downramping and adding to holders pain,no one knows where the bottom is or exactly when it will bounce. Have you not got better things to do?
I have ignored Bull before, at considerable expense.
Bookmarks