.........................
Printable View
.........................
And to Beagle’s credit, he did not remain wedded to that view and is prepared to change his view as events unfold.
Let's review ATM in the last 6 months :
Executives dumping stock after company stated everything was fine,
2 downgrades in quick succession
&
key executives leaving.
Adverse events unfold but the emotionally besotted holders hang onto their love affair with the stock, and believe that it's all fine.
Sp down 50%.
Reminds me of a poster on HC called Moosie who digs up posts from years ago, collates them all together, the scum of the earth type.
Buying at the bottom of the Covid drop was the best thing I ever did. There was a huge transfer of wealth when that happened, and in many cases that transfer of wealth was into the hands of many people with no clue of investing, reading charts, or doing fundamental/technical analysis. Anyone relying on charts or technical analysis then would have been selling. I know many young friends who made more than their yearly salary just by buying when 'expert' investors were indiscriminately selling during covid. They simply bought companies they liked, or were customers of, and many are far wealthier now as a result.
mentioned a number of times $10 aus was the line in the sand. its rallying of there now maybe we test resistance at 10.90 which was previous high of $10
Technical breakout (up) from the short term descending wedge. :) will it stick. Already .90c up from recent lows. Big volume on ASX, looks like some short covering.
https://www.shortman.com.au/stock?q=A2M
Shorters are indeed continuing to lock in gains by covering, providing short term sp support.
No kidding. I can pick some other stocks and dates as well where you change your mind quicker than wind direction in Auckland. How about WHS recently, HGH - three times in the last year, ZEL... I remember you promised special divis from AIR this year or was that next year :)
Still approx 47.5 million shares shorted. Just imagine if the HY adds to a further improvement in the SP.
Given the recent positive movement the past few days, possibly due to short covering, those who didn’t close out their positions at recent lows have already potentially missed out on a significant chunk of profit if they have to buy back higher or at the current SP.
China ban affected TWE up $1.77 yesterday with their report suggesting we don't need China
Z1P less then one month ago SP still had a 5 in front possibly next Thur have a 25
Possibly a2 will bounce next week? no idea if doesn't may top up again or continue holding like heaps of others. The mountain of shorts reckon so
My point is you have to buy sometime and not everyone uses tea leaves. Time in market generally pays dividends. Did we anticipate Covid meltdown, Australia/China conflict, USA presidential change, near zero interest rates, world awash with free money, property BOOM. Have always used money from a2 sales to reinvest into shares I thought showed promise that panic stricken traders/investors sold down.