I can hardly believe that a Daigou retail shop can be listed on ASX.
I bought in the first day but after I saw the Top 20 shareholder list, I subsequently sold all holdings at open the next trading day.
I know a lot of people (especially Chinese retail investors and Daigous) who are new to the ASX market bought in AU8 at high level. Feeling sad that they were tricked by the game. AU8 share price will be sinking lower for sure. Hope the newbies can learn a good lesson from it.
AU8 Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held