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Crypto_Curry
Apr 21, 2020 8:07 AM

I've just witnessed one of the most ridiculous price drops ever Long

ASCENDIS HEALTH LTDJSE

Description

Ascendis just fell from 2.21 rands a stock to around 85 cents.

This is one of the greatest buying opportunities I've witnessed in my 40 year career as a trader...

And the stock is still under R1.00
Comments
Fabco
Any further information regarding this stock? Is it worth buying now? And for what reason
rudiroelofse
ITS INSANE, DO YOU EXPECT TODAY TO JUST CONTINUE??
Crypto_Curry
@rudiroelofse, Absolutely! I wasn't sure at a point. It's pure psychological warfare in my opinion.

Fortunately the big investment institutions decided to stop shorting it.

That's the only explanation I have. Big boys forcing the weak hands out so they could buy "pennies on the pound" as it were
rudiroelofse
Yeah, very weird rebound today, but thanks, are you looking at an quick exit or long term keep?
Crypto_Curry
@rudiroelofse, I'd say the weird part was the crash. I'm definitely keeping for the long haul. I feel we hit ground floor yesterday.
rudiroelofse
@Crypto_Curry, I also think so. Started doubting when main stream media pushed chlorequin out of the way, but believe they are in the perfect industry with this. People forget Remedica is still part of ASC.
Would like to have a chat about other JSE stocks and share ideas. I'm relatively new to actively trading daily, so would be great to have someone who doesn't only have interest in crypto or US stocks.
Crypto_Curry
@rudiroelofse, Sure, any time. That sounds like a sterling idea.
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