maybe they are just considering the old 'buy the rumour, sell the fact' effect.
after a nice pop following Kuantan High Court decision, it seems reasonable the price would start to drift lower again.
look at the chart for the S&P 500. it has drifted lower ever since QE3 was announced. buy the rumour sell the fact in action.
plus who is to say they'd be 'another 20%' higher in future? we have to weigh up decisions like that every time we place a buy or sell order. so do companies when they raise capital.
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why now ? ... strange timing for spp, page-18
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Last
$6.23 |
Change
-0.180(2.81%) |
Mkt cap ! $5.823B |
Open | High | Low | Value | Volume |
$6.31 | $6.34 | $6.23 | $15.33M | 2.448M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 18426 | $6.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.24 | 7550 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 5915 | 6.230 |
6 | 49602 | 6.220 |
5 | 31715 | 6.210 |
12 | 35684 | 6.200 |
2 | 805 | 6.180 |
Price($) | Vol. | No. |
---|---|---|
6.260 | 1056 | 1 |
6.280 | 11800 | 5 |
6.290 | 11265 | 2 |
6.300 | 8265 | 1 |
6.310 | 8265 | 1 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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