Yeah I reckon both of you two are correct.
However..the ASX short list correct...just 24 hours behind and update daily.
I would not use it as the be all and end all of decision making on whether to buy or sell...but I use it as about 1 of my 15 creterion.
I think Macrae12 was on the money calling bottom somehwere...I think he has been a few cents out though...but I reckon we are pretty much there if not...today was it.
The recent placement done at 1.15.....a hard call for Eddy..but what could he do. ABS was 1.30-1.40 at that stage.
ABS fell a lot and quick since then.
This only can be sharters or like you guys said...bigger holder capitilising on the insecurity of holders to sell into their greedy hands.
I like ABS....I like them a lot...I like them to the point of about $2 a share..maybe a little more.
65 cents today...maybe I am stupid for not buying..but even 70m may seem cheap soon.
I am cautious as I hold hundreds of thousand MFS..now OCV shares.
I will never fail at that again.
And you cant pick the absolute bottom.
But honestly...all my indicators now are signalling ABS may have hit its bottom. Anything around 70 is ridiculous with a $1.15 placement less then 10 days ago.
Macrae12 has signalled a $1.41 target.
I put him on about a 90% acuracy when he puts his head on the choping board..so he is probably right withing plus or minus 10% in a week or two.
Providing the DOW doesn't go down 1000 points tonight...I will saddle up and but in for a couple of weeks to over a month.
Once has to eventually pick a point and from watching the manevoures today...I reckon the 2 previous comments are corrent and bigger holders are trying to spook smaller holders into selling into their orders.
Its a sound business.
They even just raised their learning centre rate by 10-11 percent.
This was not even announced.
I have a feeling even the company is downplaying the share price so the bigger players can take positions.
Sad to see her get below 70 for long terms...but great for anyone like me who is happy to jump in now and get a good couple of month ride.
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