Major fund ( weight of money) more likely pushing stock down from .47 into red but price sensitive announcement definitely justified the initial rise certainly .47 . Every reason for ordinary small share holders not to sell knowing a major fund doing a lot of buying last few months , plus some important positive announcements starting to eventuate . The share rise was understandable but not so much the selling , could easily have been a major institution behind the selling (shorting) end of the financial year coming up . Think it was unfortunate we had price sensitive announcement just before the end of the financial year ( need to improve share price too of course ) when lots of stocks are affected by fund managers / professional traders . Pulling the stock down would suit those who stand to benefit if we drop out of the ASX 200 .
MYX Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
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