What I’m thinking is buying three parcels on the way down, next one at .30 and last at .29. It’s just a punt but things don’t go up and down in straight lines consistently. I reckon a 25% discount to what the last director buy was is reasonable? Also, it makes sense that we would see this action because of the released shares from escrow.
But believe when I say that it is those same tango forces selling that are also buying, essentially doing a wash while manipulating prices. So this depth you’re looking at, the one with the 3m cap in the 4’s, is meant for us to think one way while they do another.
Anyways I’m pip mining for a bit of a reversal at these 3 levels. Stop will be 15% of average, but not going deep on this one. No long term. Strictly a punt!
Gltah and dyor
Oh btw, the first time I got into ac8 it was at .275 and sold way too early. If there cash position has improved in relation to their Mc then could be worth it? Who knows, this one is anyone’s guess... ♂️