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1.92%

13.3¢ auscann group holdings ltd

jeebus make up your mind !!!

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jafa360

40 Posts.

1

06/02/19

11:12

Post #: 37346475
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Originally posted by avagadro: ↑

So 132 million shares were released from escrow, roughly 10 million of which have obviously been sold for whatever reason the last few days. So about 94% of shares are still being held at this point.

Interestingly though, AC8 still could not make a lower low yet, even under that massive volume. Buying interest kept coming in from somewhere. I doubt from retail, they aren't that brave.

I think there is too conveniently and obviously a motivated big buyer in the ranks soaking this partial escrow sell down. Broker data in a few days will be interesting.

It would probably take another few weeks or so of 5 million shares being dumped per day to break the current major support line. At which point the next and only support is 20c, which it would reach in a flash - but this would put the escrow shares out of profitability. So I dunno. At some point sanity / reality must take over

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Originally posted by Astral: ↑

Explain to me.... AC8 is this a buy and why ?

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Because Gambling is addictive .

Originally posted by dmaivn: ↑

Perhaps many won't say but they want new retail investors to join in and share the pain. Seriously, if you have a couple of grands spare for a punt. Get in and hope for 50% pop.

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jeebus make up your mind !!!

AC8 Price at posting: 47.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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