'So I am at a loss to explain this fall, it should have moved in the opposite direction.'
It's pretty bloody simple; buy on rumour, sell on fact.
It was public that the BMX auction was on 24/5.
The previous week the share price had been down to $2.38, and then bounced nicely to yesterday's pre-BMX high of $2.93, at least in part in anticipation of another successful BMX auction.
Not rocket science, just Trading 101.
Good News & Bad News, page-10577
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Last
$2.83 |
Change
-0.030(1.05%) |
Mkt cap ! $8.519B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.90 | $2.80 | $59.28M | 20.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 196665 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 25000 | 1 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |