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Adaptit ADI price drop

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Carl_1
Occasional Contributor
Maybe the low point for now was reached yesterday - April 30 - when the price dropped to R6.05 but closed at R7.30. We will have to wait a few more days for this to be confirmed. The price did advance too quickly since the beginning of the year, so profit taking was bound to happen. I still think that this is a great little company which should show strong growth in the next few years. Patience is the key here.
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4 REPLIES 4
SimonPB
Valued Contributor
somebody was selling, I thinks SIM and they were massively sloppy in the selling ..
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AP
Regular Contributor
Look like it may turn today...Also have a look at Poynting, it also took a massive dive, but it seems that it is turning...both seems like good buying opportunities?
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AP
Regular Contributor
Look like it may turn today...Also have a look at Poynting, it also took a massive dive, but it seems that it is turning...both seem like good buying opportunities?
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JulzM
Regular Contributor
Bought some Poy on Wednesday at R3.70 , have a sell trigger at R4.35
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