The SP hasn't reacted due to CR's sale. Li stocks were off 4%...

The SP hasn't reacted due to CR's sale.

Li stocks were off 4% yesterday. NMT down 8%.

Li stocks off another 4% today. NMT also down 4%.

NMT has tracked Li players over the last two days, with the exception of the 4% difference yesterday. It's easy for someone who panics, or who doesn't personally like it when a director sells a single share, to point to CR's selldown and say it's a disgrace, but NMT was coming off a sharp rise this month (20% from memory), and all other Li stocks - the ones that only dropped 4% yesterday - had all lost ground since March 1.

Given the difference is just around 1c a share on low volume, it's reasonable to ascribe the 4% difference between NMT and the other major Li players as simply taking profits.

To put it more simply, had the Li sector not dipped at all, NMT would have dropped 4% over two days. Would that really bother you?

Without wanting to get into a slanging match, I'd also point out that you have a small tendency to panic first and give due consideration later. Your first instinct over on PLS was that the Alt deal had fallen through when a trading halt was called. Your first instinct was also that the SP would halve when they raised at 36c. It quadrupled.

Trust me, if CR had made a dodgy and profit-grabbing sale here the rusted on barnacles would have been crying out just as loud as you.