ATM - A2 Milk Corporation Limited

[Baa_Baa]

"Demand for Bubs infant formula in the daigou channel surged 6.5 times on the prior year and rose 265 per cent quarter-on-quarter,"

https://www.afr.com/companies/retail...0211012-p58z7q

[Maxtrade]

Weird how volatile ATM is now for a stock. The lawsuit isn't going away in a hurry, so surprised that many folk would jump on the back of a different companies fortune almost forgetting about the very recent negative news ATM faces. Markets are non sensical these days. Short term trade gamblers maybe, in and out. Sell off again sub 6.8 and back down 10% within the next week? Day traders delight. Billions of dollars payout sure will hurt and won't help company fundamentals and SP.

[aperitif]

Weird how volatile ATM is now for a stock. The lawsuit isn't going away in a hurry, so surprised that many folk would jump on the back of a different companies fortune almost forgetting about the very recent negative news ATM faces. Markets are non sensical these days. Short term trade gamblers maybe, in and out. Sell off again sub 6.8 and back down 10% within the next week? Day traders delight. Billions of dollars payout sure will hurt and won't help company fundamentals and SP.

Mate, go and take a breather and educate yourself.

[dreamcatcher]

Shorts 5.65% = 42m Oct.6th interesting to see next few weeks

[Balance]

Nice to see some price action!

[Getty]

Just the flow on hype from Bubs.

Speaking of Bubs, dont forget the Evergrande baby needs burping.

If it falls out of its high chair, there will be some spilt milk..

[JohnnyTheHorse]

What a difference a day makes eh? I expect a sustained rise from short covering if AU$6.55 breaks.

[aperitif]

Trading suspended in HK this morning too, spill over into a2

[JohnnyTheHorse]

What a difference a day makes eh? I expect a sustained rise from short covering if AU$6.55 breaks.

And there's the break. Hindsight would say that the big drop in shorts was smart money? Serious pressure on short positions now. Relentless price action today just looks like momentum traders punishing the short positions with stops constantly being hit.

Disc: assisting in punishing the shorts today.

[alex f]

I wonder why, end of AU lockdowns ? Still no students or tourists. Shipping still expensive. What sort of $ value are we talking about? 6.5 x on the prior year, 2.65 x on previous quarter, I doubt much was being traded in those prior periods.