the whole market dropped after lunch, it wasnt just asciano, although asciano was fairly hard hit, no doubt helped along by F.E.A.R running through holders veins as they watched the price begin to drop and wondered if insiders were bailing as the bids due today were non existent.
technically she has simply hit the top of her upward trending channel, and might come back to 1.06ish and then start climbing again.
of course all mark rowsthorn has to do is tell us the nature of the bids and BANG. she should explode. just depends which direction!
FWIW the business lady on sky business just said 'asciano off 8% today, but has to be put into the context of its rise in the past month'....nicely put.
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