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hmmmm. Buying and depth just came from no where. Something...

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debono

17,255 Posts.

276

07/05/18

14:16

Post #: 32930686
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Originally posted by copperroad ↑

Insto’s won’t be in this on either side of the trade as yet. That should come after June earnings imo.
Broker reckons The top 20 has not moved. The selling has been out of old holders and probably coming out of a couple of brokers. They probably see liquidity and want their clients out to go and play something else. Some People sell just when all the hard work starts to come together. Good luck to them. A lot of the buying is out of Shaw’s in Sydney. They are good at picking growth companies. The last one was Wattle Heath. 13 bagger.
Raptor has a price target of 30c for cro this year as well.
I think as they keep stacking in large users, the market will work this out and the funds will come for it. The number of shares on issue will provide a nice sweet spot for them to get volume without it being too difficult. It’s only capped at approx $20m. I’ve seen tech firms like onepage capped at $500m with no revenues.
A lot of tech was over priced, I don’t believe this company is. The irony is that good firms trade at discounts at the moment because of few bad eggs. As this becomes more obvious, it should start to rise. Dyor.

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hmmmm. Buying and depth just came from no where. Something happening? Who knows with CRO!

CRO Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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