ASC 6.67% 1.6¢ limited

Adultshop - Share price decline

  1. 3,567 Posts.
    I still don't understand why ASC got sold down so savagely. Another point to note is that if a german fund bought into it they might have had a change in investment mandate e.g. to reduce exposure to small cap stocks or international shares. If this is the case then it could just be an unwinding of the position previously bought.

    What now? Well, we should wait for a drop off in volume and then perhaps pick up a few more. Unexplained drops either make you a killing or get you stuck.

    The product looks to be selling very well and I'm racking my brain trying to think why the price took such a big hit. If the directors were selling then we would have seen an announcement by now.

    These prices certainly look dirt cheap... but can it get cheaper?
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