Mark Allison owned 955,293 shares on 1st November. I don't know if he sold any today, but even if he did it doesn't account for the over 9 million traded today. If others knew he was selling it might have fueled some angst, but that is just conjecture.
As others have said, at the moment with the news we currently know, selling appears to be overdone. If the drop of over 20% was attributed bad news, we would expect it to extend the losses over the next few days. Actually, Marcus Padley calls it the 'nine-day rule'. Apart from the CEO departing by a planned retirement from a man known to be anything but hasty in his decisions, the financial news is positive. So the risk takers amongst us are hoping that buying the dip will enable us to pick up a good quality company at a cheap price. That is investing 101.
Bring on the bounce!
Mark Allison owned 955,293 shares on 1st November. I don't know...
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Last
$8.47 |
Change
-0.070(0.82%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $8.48 | $8.52 | $8.38 | $3.357M | 396.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1832 | $8.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.47 | 1006 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ELD (ASX) Chart |