SVR - Savor Ltd (Formerly MOA)

[Hoop]

How can you gauge where stops could be in a freefall below primary floor.
Have to apply various forms of TA voodoo...Animal inctincts have been mathematically calculated of sorts....So apply the Fibonacci Extension onto the primary support 1.10 as we have no other reference atm

105 at 61.8% 103 at 50% and 101 at 38.2%

....as the opening seems to be below these numbers we could psychologically put a very tenative temporary assumption that these prices could become the new resistance lines for now...these assumptions would probably change once trading opens and the dust settles.

[trackers]

Pretty bad stuff up, selling 30% lower than estimated whilst in the middle of a huge brewery expansion. What was the point of the IPO again? Oh right I know...

[Hoop]

Someone will now go in at 99c, then someone else at 98c etc etc

normally that's how these things happen

yep ...panic will apply over reason

[CJ]

Someone will now go in at 99c,

4000 at 99c.

No change to buyers.
Edit: now 2 more at 99c and 10,000 at 98c. Do we have 97c?
Edit 2: 7,200 at 90c
Edit 3: 1 selling at 89c . still no change to buyer. it is facinating to watch
Edit 4: down to 80c in early trade

[Dej]

Sorry stoploss was the wrong word. I realise that its an illiquid share but wonder what price milford will attempt to get out? I realise noone will buy the shares... But an attempt is better than a complete loss right??

[trackers]

30% down on $14k traded only, damn

[CJ]

Anyone else think this is an over reaction? Any traders out there looking for a quick profit or is this one way too risky??

A few buyers entering at 80c from the look of it. [edit: a few nibbling at 86c - Milford pretending to support the price?]

For a normal profit making company, a 30% reduction in turnout would wipe out your profit. Not sure how it works for a company already in losses.

Dangerous for those who decide to have a play

[Balance]

Now at 80c (down 32.2%) ouch!

How many shares do Milford have?

Nothing of significance - 1.8m shares.

Suspect they will try and sell it now as don't look good on their portfolio to have a 'woof woof' in there.

[Balance]

Moa could be the last IPO by the Ross/Baker boys until they prove to the market that 42 Below was no fluke.

Could be a long long time away.

[Hoop]

Moa could be the last IPO by the Ross/Baker boys until they prove to the market that 42 Below was no fluke.

Could be a long long time away.

a paper loss of over $2M today could slow them down...eh Bal

update 80c new support ...there's a possible hanging man with a tail to 80c on the 15minute chart, that could be bullish sign that 80 is it (the bottom for now)....but can you trust these Japanese fellas?