Are we seeing a pattern in ATM's sp again - up in the afternoon and then, gets sold down towards the close?
Couta must be on to this trading opportunity?
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Smart. Better than just watching the SP tumble week after week - as my strategy has been.
So Macquarie has mintained its Outperform recommendation but trimmed valuation ever so slightly from $16.10 to $15.70, ahead of Tuesday's ASM.
Meanwhile, shorts look like they are also covering ahead of the ASM - shorts made up 61% to 77% of A2M trades so far this week (Mon - Tues).
Tuesday is shaping up to be a fascinating day to be!
It is just facts , They SOLD OUT on 11/11 ,I am wondering if they didn't SOLD OUT all their products how far can the SELLS be ?? to prove that the loyal bases customer's are very keen to look for and purchase the products as long as they can afford to buy. Demanding and Demanding from the Chinese for quality and support the sciences behind it. They don't worry about how others say: it is not truth , the people feels, know and for A2 MILK proven to themselves :)
A2 Milk ATM.NZ has proven so beside it has a huge cash advance. Just only that keeps the business throttling forward.
I recall last year they also sold out but management said at the AGM they intentionally held back stock, looks like this year they've offered a lot more but still holding back. Hopefully lots of repeat customers gained and more to come with increased word of mouth and marketing spend. Everything continues to look on track and no signs of slowing.