Buy on rumour sell on news Trading 101. I'm trading several names atm. Ausa feels like strong likelihood for a large move based on following:
- savvy management been working for months after pulling the pin on folium (thank goodness)
- has been no news for long time
- IR for company has been totally transparent though and giving updates. These guys working hard on something(s)
- clear movement to fintech go forward. With ceo status in fintech world there very likely has to be a big deal in the works
build a position and then trade a position. Visualize and execute. My guess is minor gap up Monday and then potential for large run up into the close as this company likes to issue news on Tuesday.
good luck to all investors out there and here's to good trading!