Was not having a go at you in reference to this downgrade.. but how easy it is to look back and muse .
The future direction of the SP will be interesting and , imo , will depend on the what the instos , who hold 75% odd , do.
The SP is down 50% from ATH , and as a growth stock , which has stopped growing , that is what the market does.
There will be volatility in the short term , as some will see a buying opportunity and others exit as no longing growing.
I too feel this may settle a little lower until more clarity is provided by the BOD . I am sure the instos are in contact with the BOD for some answers.
3 downgrades within 4 months, page-12
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Last
$7.02 |
Change
0.170(2.48%) |
Mkt cap ! $5.075B | |||
| Open | High | Low | Value | Volume |
| $6.86 | $7.03 | $6.81 | $16.52M | 2.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10280 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 17972 | 4 |
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| A2M (ASX) Chart |