Same observation here.
The market (assuming humans) responded overwhelmingly positively upon the digestion of full year accounts and the forward outlooks in the presentation in the first 60 minutes of trade, even pushing through to 0.2075 with noticeable volumes at times.
But the algo's got involved after the announcement of bond conversions (possibly anticipating bargains) and pushed the SP downwards to fulfil nearly 20m+ of transactions.
Good entry/re-entry point, though.
Ann: Partial Conversion of Convertible Bonds, page-5
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |