Looks like the shorts were right when they opened quite a big amount on Monday, and added a few more yesterday.
Probably sniffed out directors selling when they could have waited a few more months for the dividends.
Either way: the market has already decided that it's not a good look at the moment and hence the SP weakness.
I suspect that we could get a 2017 yearly low for A2M but someone threw $1.50 out in the open. I am unsure how it will get there (I think it's unlikely) but i won't discount it.. after all, the market is irrational.
Also - i suspect there's supply issue as they could really supply 1HFY17 worth of stock.. but A2M already flagged lower IF sales and IF is continuing to make it a big part of their total revenue.. 72% and potentially up to 80% ??
Is it the upgrades of SML that is impacting current production ??
Looks like the shorts were right when they opened quite a big...
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Last
$5.90 |
Change
-0.090(1.50%) |
Mkt cap ! $4.271B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $5.97 | $5.86 | $19.03M | 3.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4800 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 29913 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |