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Wednesday, May 23, 2018

You knew A2M was coming down back in April

Hi readers

Markets around the world are just chopping around no real movement.
Trump still opening his mouth for the hell of it, with no real substance behind his words.
In Australia we continue to see bank bashing going on and I don't understand why people are so surprised.
The profitability of banks in Australia are amongst the highest in the world and with only 25 million people that is staggering.
So the royal commission into the banks is just exposing past errors not future errors.
This is why it's a media nightmare nothing more, to the banks.
Anticipate a good $100 million to be spent on advertising and promoting by each bank and all will be forgotten.
Wait for more bad news to come out before looking to invest in them.

In regards to WANCHAIN as expected the Arab money dried up and WANCHAIN is coming back down to earth.
Yes it's halved in price from $11 to $5 but is still in my view expensive for where the coins technology is currently.
Under $3 I'll look into it..

In regards to A2M.ax you did know about it back in April.
When we posted our comments I did receive a number of emails accusing me of being jealous that A2M is doing what Bubs will never do.
This is not the case as I only post what the astrology is showing.
When we posted the comments A2M was trading $12.50+.

Lets look forward is $9.50 value or overpriced?
Looking at the astrology on the stock it can go much further down in price.
How far down the market will tell you.

BAL.ax had new investor taking a percentage stake in the company and yet since purchasing it the stock has lost over 20%.
Financial Astrology is a wonderful tool and while we have it we will continue to use it.

ABR.ax has come down with the sector which is ideal for the accumulator of the stock while those who don't believe in it have sold it at a loss..

In regards to Bub.ax has also come back but far less than the sector, which is good but for the non believers of the company your welcome to sell it.
I'm happy to keep buying it and holding it, in the process burning a number of daytraders in the process.
All I can say is don't be upset when the stock explodes up for no apparent reason.
I'm aware many will look at selling it around the $1 or so area, but the stock won't stop running once is starts.


Disclosure
I have purchased ABR.AX 25-34
I have purchased BUB.AX 74-77

As always use the above as an indicator to your own work.
Ask your financial advisor on more on the above.
Above comments are totally based on astrology.