On HZN's comment about today's dip possibly due to redemptions: I often think the daily gyrations for many (esp junior and mid-cap) stocks is due to retail investors buying and selling ETF and other types of funds in that sector. The fund manager then has to buy or sell in proportion to the market irrespective of how good a specific company's future growth.
Not sure if this is happening mainly in OZ or from overseas investors. I tend to think the latter because it looks like the gyrations are related to either US oil/gas storage levels or Oz currency trend.
Of course, there's plenty of literature pointing out that we see trends that don't actually exist.
But HZN wasn't the only ASX junior oiler to dip today. Here is a sample to illustrate. Amazingly consistent drop for several of these, don't you think?
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