Today's market reaction to me is a combination of profit taking & big players trying to scare the retail investors - especially for those who entered in A2M with profit taking mind and today is getting burnt.
I suggest all the long term holders to stay calm, have a read at the definition of profit taking below from Wikipedia:
https://en.wikipedia.org/wiki/Profit_taking
If you believe in the fundamentals you should hold and wait for the positive trend.
Ann: A2M FY16 Results Presentation-ATM.NZ, page-5
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |