Originally posted by Surges
Fair points there.
We will be able to judge this better in 2 weeks from now.
We were told news would be arriving towards end of the year, so early twitching and tentative rallies are not ill timed.
In my view, should ADO have a 20 % chance to be that company to provide significant improvements to longevity and
storage in batteries, novel components, larger companies already would hedge their bets, that is what I would do.
Compare it to companies going carbon neutral 10 years ago before climate change became a dominating corporate
topic in down under this week, and may that only, in this case, for political reasons for the Liberal Party to chase the younger vote.
Good business is to be in early and control events, not chase them.
As I see it, the volumes yesterday were way too high to be driven by one single trader or small trader unit, as some hunt in packs.
This was deeper pockets and if we see follow up rallies and volume days, we will know more for sure.
IMO, ADO becomes a bet one wants to be on the right side on, should this move, as chasing it after news could prove extremely costly.
See after hours action to make sure price was down on minimal volume exposure, this is text book.
Somebody wants in, IMO.
Yes I agree, deep pockets are involved. But who's pockets. Do the pockets belong to the same pair of trousers !
I have two questions about what's happening.
1. If someone is keen on gathering a position, why did they sell up and get out when the 'response to price query' revealed nothing. That looks like a trader who did not want to get caught on the wrong side of there average price.
2. Who is doing all the selling ? If no one was selling, the price would be well above possibly 3 or 4 cents on the volumes.
So it looks like a churner. Buying and selling from the right pocket to the left pocket. It produces high volumes but no actual change of ownership. In the meantime the churner is buying the weak hands and selling to the excitable. Making some pretty coin in the middle. The churners do like a company with very very low SP. Anything under 2c fits that.
So personally the volumes don't do it for me. I saw churning for months with XPE and we all lost lots of dough on that one.
I don't think any serious player, as in manufacturer (not finance/stock market type), is going to be taking a position until the tech is proven.
The one hope is that the serious player(manufacturer) is seeing very promising testing coming out of the labs and getting in a little early before the results are official. And they wouldn't be doing any selling. They would be buying on the dips. Selling down on the close. Staying under the radar and occasionally gobbling up juicy chunks that are for sale within 1 or 2 pips. But not selling.
Today someone is buying at .16c and no selling, so todays trading fits this bill. Hope it continues. Hope the only shares turned over come from the offer side. Slow and steady is ok until the good announcement arrives.
