The share price has been falling since mid-February.
The market has been selling long before any bad news came out.
For whatever reason. The share price fell from 17th Feb $2.52 to $1.53 on 17th June, that's $1.00 or a 40% decline in 4 months.
On the 21st of June an announcement came out and the price fell to today's level of $1.50 or a 3 cent fall from the $1.53 level on the 17th of June 4 trading days ago. LET THAT SINK IN!
THE MARKET SETS THE PRICE.
The CEO has done everything very well since getting this to market and now everyone loses their mind and wants her fired when the SP has lost 3 cents in 4 days, on a negative announcement, and over 4 million shares traded hands in the last 4 days when only 14 million shares traded in the previous 27 trading days.....................
You guys struggle to see the forest for the trees. You focus on stories instead of price action. When it's all right in front of your faces.
You argued black and blue with me when I said it would fall from the highs because you only saw positive announcements and you all felt that meant the price had to skyrocket and I was Sgt Shultz who "KNEW NOTHIN" LOL. But who knew nothing?
Now on 1 bad announcement and a 3 cent drop you all want the CEO fired, you're all on here doing exactly what the smart money wants, your assisting in negative vibe assisting huge amounts of shares to change hands, calling for the head of the CEO, and you're not seeing it's only been a 3 cent drop.
Can you admit yet you were wrong at the recent highs, and can you admit, that you just might be wrong at these lows?
Had you sold and kept some powder dry would you not be liking your lips at these current prices? Wouldnt a packaging debacle seem like a small issue and a greater opportunity to get back in now?
You're all furious because you held through a downtrend and need someone to blame, and hey the CEO is the one. But what caused the fall up unto that negative announcement, through all the good news, the market did! The market did that, so blame the market, learn a lesson and move forward.
JMHO, not meaning to flame or bait anyone, not trying to say I told you so, or I'm awesome, just saying, step back, shake it off, and admit there is more going on here then the last 4 days trading. There is a big picture. If the price had risen from $2.52 to $3.54 in the last 4 months and had fallen 3 cents in the last 4 days to $3.50 who would want to fire the CEO then?
Good luck, remember this is a game, that's all and everyone is playing and trying to get your money, the rest is semantics.
On a closing note, digest this over a coffee......
CBA has 16 million customers 3.89 billion half-yearly profits and their share price is $99 while
NAB has 9 million customers 3.34 billion half-yearly profit and their Share price is $26.
It's just the market doing its thing.
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