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1.96% 5.0¢ albion resources limited

why the fall after good news

  1. RKS
    573 Posts.
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    28/11/08
    16:06
    Post #: 4553650
    Why the fall after good news??

    ALB rose sharply after the news at 1:19PM, from 24c to a peak of 30c. But then, as if there was a release of bad news, it tanked to end up back at 24c.

    I can understand the initial fall (down over 8% in London last night) and the rise (good news about partnerships) but I am mystified about the subsequent fall (picked up some at 24c, but it felt like ambulance chasing).

    Can anyone enlighten me?

    Thanks,
    Robert
    ALB Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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