may I ask you where in this announcement does it justify a 12%-15% drop? The ann was average but this alone does not justify the drop. In fact if the announcement was that bad we would have seen this drop in open but from memory is was 1-2 hours after it took a whack.
im inclined to say this is well oversold and the director has made a good decision to buy. Let’s say it he waited like you suggest. And the price goes to what $1.20-$1.30 would you then say he made the right move?
Buying power was bloody strong in the last 30min and I can only imagine it was people coming back in once steadying out.
just my opinion, interested to hear yours
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Ann: Change of Director's Interest Notice, page-8
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