Im not surprised that we are seeing a drop in the SP for a few reasons, firstly this stock has had an incredible run over the past 12 months which I think has surprised holders somewhat, that can’t just continue on forever, there has to be some downwards movement at some point. Secondly, not that I have a huge amount of experience, but stock volatility around CR is really common, most of the time I either take the opportunity to accumulate (if the CR was for a good purpose) or I take a longer view (admittedly hard to do when your kitty is shrinking). Thirdly, with the move into the asx 200, and the media attention that comes with it, more investors and larger investors will start getting involved. I think that inevitably leads to a change in the stocks SP behaviour, maybe more day traders, maybe more manipulation to buy at a lower price. Of course I might be completely wrong, but I’m looking to accumulate, my holding is small and I really like the ambition of the company and opportunities still in front of it.
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2.77%
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$39.26

Accumulation Phase or more down side to come ?, page-4
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Last
$39.26 |
Change
1.060(2.77%) |
Mkt cap ! $6.659B |
Open | High | Low | Value | Volume |
$38.77 | $39.33 | $38.64 | $4.799M | 123.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 82 | $39.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.27 | 128 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 49 | 39.210 |
3 | 41 | 39.200 |
5 | 129 | 39.190 |
3 | 120 | 39.180 |
2 | 109 | 39.170 |
Price($) | Vol. | No. |
---|---|---|
39.220 | 62 | 3 |
39.230 | 46 | 3 |
39.240 | 50 | 2 |
39.250 | 355 | 2 |
39.260 | 179 | 2 |
Last trade - 10.58am 28/07/2025 (20 minute delay) ? |
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