Very surprised no one commented on this, share buy backs have a huge influence on shard price!
Maybe as it was not flagged as sensitive?
The big thing I still don't get is why the 30%+ drop; this Ann today literally says "we have $30mil in our kitty we don't need". The recent financials showed cash as well, these reasons + technicals are why im so bullish on CSV price rise! Prior to financials, price was actually on an upward trend as well, and was not a pimp and dump!
Either there was a big exit on news, or someone hit a stop loss which triggered a milloj other cascading stop losses.
Who knows, all I know is I'm dumping out my portfolio to snap up anything at these prices, and I only look for ST trades; this will be a big rebound when sentiment turns!
Anyway, hopefully green today will get confidence back and price returning to reality. Lots of positive action today, let's see what tomorrow brings!
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Ann: On-Market Share Buy Back-CSV.AX, page-2
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