ATM - A2 Milk Corporation Limited

[tomm]

Strong support level?

Short covering and the smart money is taking the opportunity to get the hell out before the fourth downgrade.

You won't know whether short are covering or not yesterday untill 4 days later.
there must be one (distrust) and another one (trust) to get those shares throught.
If people don't trust: SELL NOW .and do not nagging unless you do believe in the company but pretending to be a down ramper to get a cheap entry.
People with trust : Buy Now .

[Balance]

there must be one (distrust) and another one (trust) to get those shares throught.

Do you understand short coverings?

[tomm]

Do you understand short coverings?

I am absolutely understand that , but you need to come back to me in 3 days for the data to be available to confirm that.

[Baa_Baa]

Understood you taking a modest position with a very tight stop when it broke up through the 30 day MA as TA clearly signaled a possible new uptrend forming but I'm sorry mate I'm a bit confused here...you've lost me with the rationale behind the TA now ?

The TA is fecked for the meantime, may be a support at $8.67 from the 11/10/18 low.

Stop loss orders (or limit sell) didn't work in a large gap down market open, it either:
- 'sell market price' - triggers at the price set and sells at market open, locking in the loss, not stopping the loss
- 'sell limit price' - triggers and tries to sell at the limit price which was gapped so the sell order sits in the queue way above the bid

So I got trapped in by the gap-down open, but haven't realised the loss by selling. The limit sell order has been removed.

Happy to average down with small​ parcels and revert to previously mentioned TA buy-in large when the trend reverses. Which might be some time away! Lol.

I repeat, these are small value trades, beginning to build a stake, acknowledging the risk potential for lower prices.

[HKG2301]

Dipped my toe into ATM @ 9.15 ( 2200 ) is this the bottom, hope I dont get slaughtered once Aussie opens !

I think ATM is way over sold !

Yeah, me too. Picked up some @ 9.18 and another order in at 8.80 if it drops that far.

Have to say, more than a little tired of the hammering the share is receiving here from a few posters. Yeah, we get it. You were right, no need to labour the point. It's now become the fashion to bash ATM into the ground, just as it was to talk it to the stars last year. Sentiment drives SP in growth stocks (a fact I'm sure you're aware of) so labouring the point - eg 'fourth downgrade coming, run for the hills!' - sounds very strongly like you just talking your (short) book.

OK, over to the ASX, where I'm hoping for a bit of a bounce at the open...

[BlackPeter]

Yeah, me too. Picked up @ 9.18 and another order at 8.80 if it drops that far.

Have to say, more than a little tired of the hammering the share is receiving here from a few posters. Yeah, we get it. You were right, no need to labour the point. It's now become the fashion to bash ATM into the ground, just as it was to talk it to the stars last year. Sentiment drives SP in growth stocks (a fact I'm sure you're aware of) so labouring the point - eg 'fourth downgrade coming, run for the hills!' - sounds very strongly like you just talking your (short) book.

OK, over to the ASX, where I'm hoping for a bit of a bounce at the open...

Always interesting these threads. If posters start to turn against each other you know that things are bad ...

Share price is underlying value plus hype (remember - hype can be positive or negative). These forums are a great tool to measure the hype. Lets keep it that way, shall we?

[ratkin]

Yeah, me too. Picked up @ 9.18 and another order at 8.80 if it drops that far.

Sentiment drives SP in growth stocks (a fact I'm sure you're aware of) so labouring the point - eg 'fourth downgrade coming, run for the hills!' - sounds very strongly like you just talking your (short) book.

OK, over to the ASX, where I'm hoping for a bit of a bounce at the open...

In the short term sentiment rules, but longterm there is no hiding from the numbers

[JohnnyTheHorse]

CITI downgrade to A$7.15.
GS downgrade to A$12.09 (place no value of GS forecast as this will be their third or fourth time in a row being woefully wrong on this stock).

[BlackPeter]

CITI downgrade to A$7.15.
GS downgrade to A$12.09 (place no value of GS forecast as this will be their third or fourth time in a row being woefully wrong on this stock).

Problem is - analysts try to predict the price which is value plus hype ... and they are terrible hype forecasters, but - aren't we all ?

[tomm]

Problem is - analysts try to predict the price which is value plus hype ... and they are terrible hype forecasters, but - aren't we all ?

MorningStar : $15.10
Jarden: $11.40
Very interesting.
Citi Selling : CS , Jarden and Morningstar ... are buying, just my guess