ATM - A2 Milk Corporation Limited

[see weed]

Bought some at 16.07, now expect it to drop 10c or 20c as usual.

[couta1]

You would have to wonder why anyone would buy on the NZX before the ASX opens??

Certainly once the Aussie depth chart starts matching, the smell of manipulation was strong in the air.

[Snow Leopard]

Bought some at 16.07, now expect it to drop 10c or 20c as usual.

Orders in at $15.97 & $15.87

[Balance]

Good healthy correction just in time for results.

Yup - stock at $16 is still 43% higher than on 1 Jan 2019 and 95% higher than on 1 Jan 2018.

I suspect that some instos are simply lightening off heavily overweight positions in ATM after the spectacular runs the stock have had - prudent thing to do in the kind of market we are currently having!

[steveb]

Yes I am looking to pick some up,but once it goes under the $15.00(In Aus) currently $15.28 it could go for another 50c slide.

[couta1]

Yup - stock at $16 is still 43% higher than on 1 Jan 2019 and 95% higher than on 1 Jan 2018.

I suspect that some instos are simply lightening off heavily overweight positions in ATM after the spectacular runs the stock have had - prudent thing to do in the kind of market we are currently having!

I dont reckon more like what Ggcc said in post #13485.

[couta1]

Orders in at $15.97 & $15.87

Tick for the first order and I see you have pulled or moved your 2nd one.

[Balance]

Yes I am looking to pick some up,but once it goes under the $15.00(In Aus) currently $15.28 it could go for another 50c slide.

Bellamys and Bubs on ASX getting sold down as well so I do think it is simply fundies lighting up their China exposure after a good run in the stocks.

[Balance]

I dont reckon more like what Ggcc said in post #13485.

There's definitely an element of spooking NZX holders at play to supplying stock.

[couta1]

Bellamys and Bubs on ASX getting sold down as well so I do think it is simply fundies lighting up their China exposure after a good run in the stocks.

BAL has not had a good run and is currently the #3 most shorted stock on the ASX(Was #2 a week ago) in fact it's one of the most volatile stocks on the planet.