What a difference a day makes - down 30% in a blink and shorters out in force.
Closed a bad day yesterday with a closing adjustment 1.5c below the LTP at 4pm and today on the open that was followed up with two 50k trades on the sell side, so that looks like a marauding hedge fund. I would love to know how that closing adjustment arose as it set up the further fall today.
Only thing keeping us out of the 60's today is a strong lead from the US.
I guess that's the way the shorts go; kick you when you're down, so important now not to panic, but follow your head.
I think it is bad form that for a company that basically invests in a US stock that reports quarterly to only report semi annually. Also, as we have a single product, ACR management should be updating the market more regularly.
Without that information, the market assumes the worst and the SP gets battered.
Who cares?
ACR Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
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