Tax time not done yet, wash sale rules still in effect. Anyway, one can hardly call this pittance of volume "spooked". It's obvious not a single top 40 would be selling on this kind of volume. Not that there's any fundamental reason to sell because the company only got better after the deal was signed, we effectively raised at a premium while in the middle of a nickel bear market.
Less than 40k AUD worth of stock traded today on a 92 million dollar company.
Then consider the recent proof provided around the nickel ETF churning shares and no doubt triggering people's stop losses.
If you have a legitimate point you think is bearish about ARL and is behind why it's down you should share it instead of being vague. I won't shout down anyone who has a well reasoned argument, even if I may disagree.
ARL Price at posting:
45.5¢ Sentiment: None Disclosure: Held
