ASC 6.67% 1.6¢ adultshop.com limited

AdultShop.com - Massive turnover

  1. 3,567 Posts.
    Well we've seen 70m shares turn over in this stock over the past 5 trading days.

    The "ANZ nominees" must have sold down some of their shares to make this possible. We can also expect to see some substantial shareholder notices to come out... both on the buy and on the sell side.

    Gut reaction is that this is not a one off spike but that in the near turn profit takers could make the stock volatile.

    Look for the broker roadshow to have an effect this week. One broker has already lifted the valuation from 35c to over 50c. This fits in with my personal projections but we'll have to wait till end of June for further confirmation.

    Go ASC!
 
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