ASC 6.67% 1.6¢ adultshop.com limited

AdultShop.com - Price action

  1. 3,567 Posts.
    WOW, 23.5c. What's happening?

    I would have believed nervous punters selling the stock down but such a move down is very significant.

    An important support was 28c but now 20c must hold. Fundamentally the stock is super cheap with a market cap a little more than 60m and given they're earning 2c/qtr I don't see why its trading below 40-50c.

    We need a big player to jump in and the closest we might come is a positive Rivkin recommendation. He likes the stock but was scared to pump it to his subscribers after is already ran to the 40c level.

    But at 23c he might step out and say its an outright buy.

    Anyhow, its online marketing is still cornering the market and they're adding new sales initiatives all the time. The latest being sending ex-customers pre-approved membership deals that get authorised with a simple mouse click.

    Cheers,
    Munch.

    Bargain central: ASC, CEY, NRT, ENE
 
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