I also hope it happens, but probability is not very high,
The sell off in last few days is just not 1 or 2 traders selling off. We have dropped 50%, so many have sold. And just not for today. for They could be wrong. But I believe that many do want to sell just on the hope of buying back.
Last week we finished at 19.5. This week at 11c. So a big drop. Today we have volume of 43m shares. In total we have around 88m shares. Many might be same buy or sell, but the volume and drop speaks for itself - close to 50% of our shares.
I understand how you feel and just want SP to come roaring back, but my experience says, we may see lower grounds before higher. It may not be a bad thing, if one does go down for a very short time frame. Let the traders do what they want to do, and lets get back in few weeks at higher SP than here. Most holders have a bigger time frame in mind. What's more important is that in few months time everyone is up - so short period of ignoring price action. But as usual, please dyor.
MTM Price at posting:
11.0¢ Sentiment: None Disclosure: Held
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