Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Atlas Development and Support Services (ADSS) has been heavily promoted on bulletin boards and Twitter this year, but current holders look like they’re going to get screwed.
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Comments
doc h
Cost me months and a 14k loss to know what ADSS felt like but publicly I apologised and traded openly to eventually reduce that loss to £700.
Today I bought 1.25m on the close and will add again morning weakness. If I’m wrong I’ll get screwed again but if right on a second measured analysis (market mechanics) then I’ll file a full copy of my strategy (some of which understand)
There gonna talk it up in a big big way – I can taste it
Gary Newman
Doc H,
Good to hear that you reduced your loss – unfortunately there have been some on Twitter that have made all sorts of claims about this one and lured people in (ShareTips6 for instance with his ADSS deals with Tullow, who seems to delete all his Tweets afterwards! Plus there are others on there – the ones who come back with a new account every week)!
I think that even if they do manage to turn things around it will be at the expense of existing holders but those who’re able to pick shares up in any placing might do okay – potentially huge amount of dilution to not actually raise all that much money.
May well see some spikes along the way but from a fundamental point of view and based on their recent track record it isn’t one for me.
Hope you’re doing okay – miss reading your Tweets on Twitter as always found them interesting and always kept an eye on the ones you were interested in.
ATB