Actually the sell of is probably due to TPM reporting on the 21st.
TPM has signalled that it is prepared to enter a down and dirty all out war to gain customers - most of their customer base comes from Telstra.
Telstra based their original profit downgrade on current market dynamics - now they are about to change, and the downturn in revenue and profits will be worse.
reason for sell off, page-21
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$3.92 |
Change
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Mkt cap ! $45.29B | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.95 | $3.90 | $69.01M | 17.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2108 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 282151 | 15 |
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