I wonder why this happened. Never happened before. Results released, 'professionals' start selling immediately and scare retail investors into selling. Knowing where the stop loss triggers are, they keep pushing and down the SP goes. Then the following day look who's buying again.
Now, I haven't looked deeply into the trades to see if this is what occured, but it sure looks like it.
Myself, happy with the report and outlook for CDA. Never considered hitting the sell button.
News: CDA Codan Posts H2 Underlying Net Profit After Tax Of A$34.7 Million, page-9
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 (20min delay)
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Last
$12.00 |
Change
-0.040(0.33%) |
Mkt cap ! $2.175B | |||
| Open | High | Low | Value | Volume |
| $11.95 | $12.01 | $11.90 | $4.095M | 342.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 770 | $11.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.00 | 8818 | 3 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| CDA (ASX) Chart |