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Online Share Trading

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Whats happening to ADI?

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Brainware
Frequent Contributor
Going for a dive Any news?
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14 REPLIES 14
AP
Regular Contributor
Not sure, could not find any news....maybe profit taking, but a 10% dip is a bit excessive?
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Brainware
Frequent Contributor
Yes I also looked for news on a few websites
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SimonPB
Valued Contributor
nobody thought 10% up in day was excessive .. at 950c it was crazy, check ellies chart for what goes up can also go down
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Penny_Pincher
Super Contributor
Missed out, was one of Riette Kotze's stock picks at 18 Jan Std bank Tech Analysis session. For me now also too good to be true. Needs a good pullback to consider again.
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rsalie
Super Contributor
looks like 700c won't hold either ... ouch!
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Brainware
Frequent Contributor
Ive been waiting for weeks to buy, now still waiting .. Like a Scottie dog How I luv this market .. Patience patience
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AP
Regular Contributor
I am hopeful that it will start bouncing back on Friday/Monday....I think it is very close to its lowest point....also preparing to buy soon...
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Brainware
Frequent Contributor
Yip, up a bit now Also watching POY
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AP
Regular Contributor
Yes I have POY on my radar as well...
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Bigwig
New Contributor
Me thinks ADI share price may be suffering from the "Simon Brown syndrome". Simon suggested it was a good buy a couple weeks ago in Finweek, resulting in increased trading activity at an artifically high price...
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SimonPB
Valued Contributor
nope, I never tipped it as a buy, not ever it been one of my punts .. I wrote about in in issue of 14 Feb, copy as below

Solid results from Adapt IT show the growth by organic and acquisition is on track and so far working albeit off a very small base. This is very much the EOH model and as CEO Sbu Shabalala admits the acquisitive growth strategy is really more about people management than anything else. On the business side the recent acquisition of Aquilon shows just how the model works. Aquilon gives Adapt IT a new area of operation in the African oil and gas sector but also gives them a presence in Cape Town and expanded SAP skills. The latter two are then integrated into the wider company benefiting all the different components of the business. But as pointed out, more than anything this is about people management and that is very hard to measure especially in the short term and it gets harder as a company grows in size.
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Brainware
Frequent Contributor
And POY was also on BD TV SB Syndrome - maybe Super Brainy syndrome in the case of Simon Smiles
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SimonPB
Valued Contributor
hat was Giulietta Talevi
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Bigwig
New Contributor
Sorry that I "adaptit" what Simon said. :-)
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