QUOTE(tehoice @ Dec 1 2021, 03:56 PM)
This one .... very complex... nothing much the chart can help imo...
however, the trading volume, yes really insane.... 930 million shares traded .... absolutely bonkers if we consider the NOSH for ATa is only 1.2 billion shares....
yea... selling was massive but for every seller, there is a buyer. Are they pure traders? if not, how solid is their reason for buying?
This set of news very interesting ....
https://www.thestar.com.my/news/nation/2021...-says-saravanan
and then on one hand.... ATa stated very clearly they had a lack of manpower and that caused lower profits....
and then on another hand.... the claim of the whistleblower that he was beaten when making a police report, an incident which was denied by the police...
and then there are some interesting points in this link... https://www.theedgemarkets.com/article/ata-...ered-dyson-ties
my concern of course would be .... can ATa salvage its contracts with Dyson? without it? not much point hunting this stock down, yes? (80% business came from Dyson. Without Dyson... errr.... )
Dec 1 2021, 04:17 PM

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