Originally Posted by
NT001
That's true, but does Mr $300,000 man have deep pockets, and is he perhaps in there only because he is guessing a takeover offer is coming? There don't seem to be many strong buyers at the moment (apart from Milford perhaps), and someone who wants to take the company over can well afford to lose quite a few million in the process of buying and selling the same shares to get the price down, until such time as a real resistance point is met. The TA experts (which I'm not) don't seem convinced it is there yet.
I just think all these new IPOs (not to mention the asset sales) have been siphoning funds away from companies like ATM, PEB, SML, SCT, MAD, RAK, BLT, SLG where traders don't see much short term gain and even some serious investors have become impatient. There's a limited market for innovative tech stocks which require patience, and in a small and relatively illiquid market like ours they are vulnerable to strong mood swings and potential manipulation.
ATM is more strongly placed than some of the others. It has a quality product with the science now clearly emerging in its favour, a consumer market looking for healthy food, and relatively high capitalisation. And above all it has excellent management with a commercial strategy that has drawn valuable commercial lessons from past bad experiences. But it also has enemies and needs to be on its guard for what Nicky Hager would call "Dirty Tricks".