The lesson for today is:
1. The company has a outstanding future because of its milestone progress, financials (for this phase), scalability, global reach, market diversification streams.
2. Given its phase, it will soon be proiftable per guidance (although you could extrapolate this from their Aug announcement). Unique for Fintech this early.
3. Its price moved significantly ahead of itself due to media, stock pickers and rampers and so ripe for the picking.
4. Some long term holders had significant profits and were ripe for the shake.
5. Movement into asx300 and eventually 200.
6. As a result of 1 (in parituclar) ,2,3,4 and 5, vested interests did not want to purchase at such high value (potentially rode it up and down) so (potentially) orchestrated:
a. OM inference report.
b. Media inference stories.
c. Social media chicken little hype.
d. HC troll chicken little hype. (it was like an episode of Supernatural, where the boys have to fight off the heathen from the gates of hell)
If we think about the announcement of the 300 inclusion and what followed post, re: a,b,c,d, then you can see why some folk would be motivated to engineer such an event.
I suspect there will be at least another attempt before Monday to drag the price down.
Awesome market lesson (to be applied elsewhere) but feel sorry for those who jumped at a loss or lost their position in a long hold thanks to those pernicious swine!
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