"I doubt the exercise of six million options and sale of 6 million shares would have wreaked so much havoc in view of more than 38 million shares being traded since early May."
I agree, but 6 million is a good chunk of 38 million, enough to trigger stoplosses on some days.
Mix that with traders buying in on rumours of takeovers, then selling out, general market fear and weakness, a large holder selling out, low grades, plus the other problems and you can see the storms over AMX.
The turnaround may occur, but will holders have lost faith in AMX and moved on, there are plenty of other goldies out there with less clouds hanging over them.
is something wrong??, page-33
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Last
42.0¢ |
Change
0.015(3.70%) |
Mkt cap ! $39.89M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 43.0¢ | 40.5¢ | $31.37K | 75.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5225 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 17513 | 1 |
View Market Depth
| Last trade - 15.55pm 26/06/2024 (20 minute delay) ? |
| AMX (ASX) Chart |