I agree, the day before was a little rough.
It might be a bull trap, it might not be. Maybe investors are happy the board finally suspended the dividend? Honestly, that was one of my big worries from awhile ago (see previous posts).
On another note, with consumer confidence at extreme lows, consumers may hoard the cash from the government under their mattresses. Once this Coronavirus lifts, potentially months from now, there is a good chance the younger generation will have cash to spend recklessly. The Casino is looking like a good candidate.
Cheers,
Dalto24
Ann: Deferral of 1HFY2020 Dividend and Changes to Dividend Policy, page-6
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