.........................
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.