Let's just look at what's happened since Monday morning.
1 - surge in SP due to 9.8M confirmed
2 - everyone is happy in their pants
3 - happiness in pants turns brown colour due to massive dumping
4 - only a paltry gain by COB Monday
5 - regret sets in ("should have sold out in the morning!!!")
6 - yesterday and today: gradual and steady acummulation
pretty transparent tactics by the "powers that be" yes?
Fundamentals have not changed from Monday morning to Monday arvo. Sure - people who want to run with their profits account for a portion of the dumping but the dump triggered a sell-off which provided the heavy hitters an opportunity to soak up all the slack. Tactically very sound and definitely effective but it's just unfortunate for holders who succumbed to the artificially induced state of anxiety on Monday.
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