AAC 0.36% $1.37 australian agricultural company limited.

an announcement is on the way after the a drop of 20%

  1. 19 Posts.
    I have been following AAC since 2003, been through a number of up and down. I am very wondering for the current drop from 2.13 to 1.70 now.

    In the past drops, especially the recent ones, like the drop from April 2015 to July 2015 and the drop from Nov 2015 to Feb 2016, they followed AAC's announcement. BUT this time is very unusual, no announcement out since the drop started from touching the high on 25 July 2016 at $2.13. The drop now is 20%, on the cut-off point of correction or bearish period.

    We believe that AAC management also closely monitors the movement of the company share price. Now on the important point of 20% drop, a percentage of determining whether the company share entering bear territory, then release of bad news and management clarification, or merely a periodic correction and future rebound.

    Now, let's wait and see how will the management response to the current drop of 20%.

    Cheers,

    Investment is always a unforgettable journey.
 
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