Yes but have you considered the counter point.
With A2M in despair mode, any small light of hope could boost A2M share price.
If Chinese government, realising birth rates are falling to low, provides direct stimulatory measures to encourage birth???
At least in China, what the government wants, it gets.
I am not suggesting this is on the cards, but the lower the share price goes, the easier anything 'positive' has a magnified effect.
Look at NUIX today: there was no 'market moving announcement', but despair was so high, that the share price jumped 10% just by management saying 'sorry and we will do better'.
Ann: Trading update and revised FY21 outlook, page-358
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Last
$7.16 |
Change
0.110(1.56%) |
Mkt cap ! $5.187B | |||
| Open | High | Low | Value | Volume |
| $7.02 | $7.24 | $7.02 | $13.86M | 1.938M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4999 | $7.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.17 | 7244 | 12 |
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| Last trade - 15.38pm 30/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |