If as an investor you don't make decision because of 'what ifs' then you will never make decisions.
This wasn't just a decision based off them selling, this was based off the demand coming in. All about demand/supply dynamics. Just look at the volume starting to increase and hitting a peak just after the lows on Tuesday. Even if they kept on selling, there is enough demand to meet their supply.
Anyway, this is just a short term trade
Ann: Ceasing to be a substantial holder from WAM/WAX, page-8
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 (20min delay)
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Last
$3.95 |
Change
0.410(11.6%) |
Mkt cap ! $478.1M | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.96 | $3.65 | $1.359M | 352.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 876 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 1147 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| SHV (ASX) Chart |