there were people yesterday willing to sell at 26.
who wants to buy at 325 if someone is prepared to sel at 26?
people will withhold their bids until they're sure the 26 seller has stopped peeing their pants and common sense has returned to them.
as well, there was a monster gobbling up bids yesterday. buyers will be cautious about that. I don't want to buy at 350 if that monster is happy to gobble down to 300.
on top of all that, there's the CR. people aren't stupid. everyone knows there's going to be one soon and would rather withhold their cash to buy after the terms or the effects are known.
which is why we just need this cr done and dusted then we will see proper growth again.
PTR Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)