H @Pcatar
I noticed the same thing. On that day 720,762 shares were sold by 10:14 am. Then the rest of the day very few more shares were sold.
you asked
Why a good announcement has triggered heavy selling and the shorter(s) took advantage to buy and cover their position? There has been very little shorting activity in recent months.
My uneducated guess is the money chases were disappointed and sold their shares and moved onto the next best opportunity. They sold out in the first 14 minutes of trade then moved on.
In my opinion this is a long term announcement I looked up Aurora and they are a very small company which is growing. So it will not bring in quick revenues to keep the movers and shakers happy.
I'm hoping that one of the big poultry producers which is trialing Zoono signs on to a contract with X$ amount of dollars attached to it. That would help the share price, but there is nothing on the horizon only lots of potential. We need $dollars no potential in my opinion.
It's hard to imagine an earth moving announcement leading up to the AGM, but I need one. Anyway thats my two bobs worth, just my opinion, but I was thinking the same as you.
thanks for all you good info. Thats it, good night for now. I'm signing out
cheers
go Zoono
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