Take 1:
Initially, I thought this was a heavy assault on the SP - relentless, orchestrated, targeted
Take 2:
I now think this event says more about the hands holding than the orchestrators orchestrating.
Think of the shareholder group as a pane of glass - if all is good it can withstand some blows.
But if it already has a big crack in it - it will shatter with a light tap.
The tech sector has been roughed up in the last few months - with mega retraces from IOT, 1PG, NOR, ZIP...
These retraces have caused cracks to form in other tech listings - including XPE.
So when a couple of light taps came along it shattered confidence - and caused a runaway sell-off.
Hopefully the most skittish hands have gone - and we can get back to being an 'uncracked' pane of glass.
Ann: Company Update-XPE.AX, page-168
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Mkt cap ! $1.673M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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