RE: Snakes and ladders21 Jun 2021 19:45
Why the big drop in Avacta you asked.
Because they are still selling the same story they were 6 months ago and have still not sold jack. The drop although over done is hard to argue with, the SP had got ahead of itself and I like many had got used to it. Perhaps the drop on Friday was an indication for today. Not sure if the same is true here.
I am convinced it will come good in the end but the BB suffers from the same crazy share predictions that this one does. The difference is most will stil currently be in profit or level.
NYCT need to show they have a long term strategy past Covid, I said the same last week. Nobody is interested in short term cash position, people invest for the long term potential, especially institutions.