ADW is a great little co. in an expanding industry enjoying rapid growth. The share, however, appreciated by 50% this month from 370cps to 560cps at yesterday's closing price!!!! It is way overbought at present and needs to consolidate. Some profit-taking will obviously now occur and ADW should move in a broad sideways pattern for the foreseeable future. On a one-year view, you will make a superb return. Just relax and buy more a month from now. omo
This one seems to be on a one way march - up. True, their market is massive and therefore presents exceptional opportunities going forward. I caught it at R5.00 and R5.11 this morning. I was expecting a pull back, which it did (9%), but to my surprise has bounced very fast back to the R5.20-R5.30 range. This is similar to Merafe, look where it is now!!! I will stay with Afdawn with a target of atleast R7.00 in the next 3 months or so. Any other comments..