40 mil were traded after 4.00 pm. 28 mil in the auction and a...

40 mil were traded after 4.00 pm. 28 mil in the auction and a further 12 mil in the after hours period.

In the auction I speculate that there were two groups mainly involved. The index funds cleaning out due to the SP200 rebalancing and the shorters waiting for this event to take profits.

The dust will settle on Monday. There may be a bit of tidying up. So, it's back to fundamentals.

Don't see much if any downside risk from here. The upside is still about 38 to 42c

Not much consolation for holders deep under water. But, for the later comers there should be a potential profit.

imo, dyor.