ASC 6.67% 1.6¢ adultshop.com limited

Adultshop - Buying opportunity the next week or tw

  1. 3,567 Posts.
    It could be a good time to pick some asc up in the next week or two.

    We're seeing weakness in the stock for a few reasons

    - Nasdaq getting tossed around like a rag doll
    - Rumors of Rivkin correct but he didn't recomnmend the stock
    - Tax selling in the new fin year
    - short term traders selling... lack of patience.

    The big driver will the the quarterly report due in about a month... with the market correctly anticipating these results in the past (1 mth prior release) then we should see some support in the price in 1-2 weeks time.

    Technically asc looks great (so I'm told) and their online advertising has become cheaper and more abundent.

    Cheers,
    Munch.
 
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.