Sorry to see your CGC earnings guidance. It is always painful when this happens but that is the price we have to pay for the higher returns equities provide. I am yet to find a reason for the moderate fall in the GUD price. Ironically enough I bought a decent chunk of GUD in the $11.30s yesterday morning and gave myself a pat on the back for acquiring something I thought was well priced. This reminds me why I am not a day trader.
There have been no updates from GUD and similar companies such as BAP have not been impacted by a similar fall. My guess would be a broker downgrade. I still can't understand why everyone rushes to the exit on a broker downgrade, as past empirical would suggest brokers are no more able to pick share price movements than the market as a whole. I actually think there may be some market inefficiencies around broker sell/buy calls and trading against these calls could produce market beating returns.
Curious to hear if any other posters know of the reason behind the 10% odd fall on no news?
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Last
$10.63 |
Change
0.240(2.31%) |
Mkt cap ! $1.497B |
Open | High | Low | Value | Volume |
$10.40 | $10.65 | $10.37 | $2.532M | 240.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 3663 | $10.62 |
Sellers (Offers)
Price($) | Vol. | No. |
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$10.64 | 503 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 813 | 10.620 |
2 | 4590 | 10.600 |
1 | 29 | 10.590 |
1 | 668 | 10.580 |
1 | 668 | 10.570 |
Price($) | Vol. | No. |
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10.660 | 2000 | 1 |
10.670 | 3000 | 1 |
10.680 | 668 | 1 |
10.690 | 1790 | 1 |
10.700 | 668 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$10.63 |
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Change
0.240 ( 2.08 %) |
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Open | High | Low | Volume | ||
$10.40 | $10.65 | $10.37 | 39329 | ||
Last updated 15.59pm 17/06/2024 ? |
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