ATM - A2 Milk Corporation Limited

[Muse]

That 4% line is the benchmark, perhaps they don't see enough downside from here to make it worthwhile staying in after making huge profits over the last year, i haven't held any for over a month now(First time in 8 yrs in that situation) and I have no intention of trying to make any losses back from this hot potato.

I got out of this and never look back. The trials and tribulations of this company soaked up too much of my attention and emotional energy.

[dreamcatcher]

Believe UBS PT still $11 ..........Darts ready for Spin The Wheel Game

[JohnnyTheHorse]

Huge drop in Short positions last week.

That's an important observation and highly likely the driver for the price increases the previous couple of weeks. I reiterate my previous comments that ever bounce that occurs without a weekly trend change is no to be trusted. It is most likely just just momentum traders and shorts covering as the price gets higher and higher.

The weekly chart paints the best picture. There's heaps of detail I could add, however it boils down to a weekly downtrend that's still intact. A loose downtrending resistance line is worth watching too. With this is place there's no reason to be positive. Change that weekly trend and things could get interesting (I wouldn't bet on that happening though...). Daily price action is ultimately just noise.

Buying or shorting looking for weekly highs/lows has been very profitable.

A2M Weekly.jpg

[Balance]

https://businessdesk.co.nz/article/p...k-class-action

Paywalled

Hundreds sign up for class action against A2M.

Looking like damages against A2M are going to be in the billions of dollars if the class action is successful.

[RupertBear]

That's an important observation and highly likely the driver for the price increases the previous couple of weeks. I reiterate my previous comments that ever bounce that occurs without a weekly trend change is no to be trusted. It is most likely just just momentum traders and shorts covering as the price gets higher and higher.

The weekly chart paints the best picture. There's heaps of detail I could add, however it boils down to a weekly downtrend that's still intact. A loose downtrending resistance line is worth watching too. With this is place there's no reason to be positive. Change that weekly trend and things could get interesting (I wouldn't bet on that happening though...). Daily price action is ultimately just noise.

Buying or shorting looking for weekly highs/lows has been very profitable.

A2M Weekly.jpg

helpful, thanks

[dreamcatcher]

https://businessdesk.co.nz/article/p...k-class-action

Paywalled

Hundreds sign up for class action against A2M.

Looking like damages against A2M are going to be in the billions of dollars if the class action is successful.

When is this going to court ??............ next week, next year, next century

[Beagle]

https://businessdesk.co.nz/article/p...k-class-action

Paywalled

Hundreds sign up for class action against A2M.

Looking like damages against A2M are going to be in the billions of dollars if the class action is successful.

Not just those that have written the professional indemnity insurance contracts that should be worried. Gross negligence is often not covered and might sheet home to the directors personally as well as the management and the company. They should be quaking in their boots, they have a very serious case to answer. Insiders who sold large parcels of shares immediately after saying there was strong growth ahead might be a good target too.
Name them all as defendants and get on with it.

[Master98]

https://businessdesk.co.nz/article/p...k-class-action

Paywalled

Hundreds sign up for class action against A2M.

Looking like damages against A2M are going to be in the billions of dollars if the class action is successful.

This legal action could last for years, creating great uncertainty to share price, it is really not good, best scenario for A2 milk may be this case settled outside court with fork out hundred of millions dollars.

[Balance]

This legal action could last for years, creating great uncertainty to share price, it is really not good, best scenario for A2 milk may be this case settled outside court with fork out hundred of millions dollars.

Basically it also means there will be no potential takeover possibility until such time as the class action is finished, one way or the other.

[Brain]

Always best to stay well clear of companies involved in litigation. It is a huge distraction to the running of a company and even more so if the directors and management are personally liable.