AC8 1.92% 13.3¢ auscann group holdings ltd

where to next?, page-1110

  1. 287 Posts.
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    A while ago, I said that I would face a moment of decision whether to play this stock when it dropped to 34c-36c as the chart indicated a possible dead cat bounce of decent magnitude. Now I am not so sure any more with this grinding pattern of 1-2 up and 3-5 down and a steady decline with low volume on day up or flat and higher volume on the days down. I am sure there will be a strong resistance close to IPO price where it bounce bounce back up in a significant pop. But it's a big gap and risk to think about getting a position now and average down another possible 30%.
 
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Currently unlisted public company.

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