Ann: LOI signed to acquire assets & business of Noveda-BUD.AX, page-189

welcome again. though id caution you a bit against that readthrough

stocks had this kind of behaviour long before algorithms, computer trading etc.

and interest rate settings have made the link between indexes much tighter - because the stocks are trading on liqudity (huge surplus money injected by low rates) rather than valuations per se

this is why a lot of old school investors are fed up with the low rate environment - because good and bad companies often perform the same because there's so much money around it gos into everything. so there's little reward for being a skilled picker of superior companies

it also means even good companies tend to fall on days bad ones do - because its about market views on liquifidity being added or withdrawn - not about underlying earnings

so dont blame some hidden cabal necessarily. but as you say - now you know what to atch for it should help in how you position.

what is definitely true though is the bots + leverage mean theres much more gaming of stock prices when they try to flush holders out of position before then shooting the stock higher