That's exactly what happened, I think. It's happened a few times now.
Ironically, I thought I bought in at the bottom at $6.50. I was right as far the sentiment went but very wrong about the bottom as far as the price goes.
I would bet a large sum that the institutions knew this was coming, not the exact price but that it would be much lower than $6.50. It must be easy to make big money by being in the know.
Trading halt after a 60% price collapse?, page-54
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Last
$10.10 |
Change
0.090(0.90%) |
Mkt cap ! $17.33B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.10 | $9.96 | $9.129M | 907.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 11326 | $10.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.10 | 51768 | 28 |
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| Last trade - 12.26pm 01/10/2024 (20 minute delay) ? |
| ORG (ASX) Chart |