ABQ 0.00% 3.4¢ allied consolidated limited

catch a falling knife - may be blunt though

  1. 2,671 Posts.
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    Pricechart from 18 cents to 2.5 cents is classic...pity the punters that bought in at 18 cents. This share is now despised, hated and unloved because pretty much everyone now whos is holding them has lost money. Holders feel defeated and helpless.
    If current mangement can get a plan together and save the company then there may be a nice little trade in ABQ. The inference of the blunt knife is that it may be okay to catch it now as my instincts tell me it's close to the bottom. The next stage is consolidation...i.e in the 2.5 to 3 cents range which may go on for a couple of months
 
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Currently unlisted public company.

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