Ann: FXL - Trading Update and COVID-19 Response, page-36

you have to accept extreme volatility in the current market. It’s not just Flexi. Yesterday the whole market was happy over lifting of some restrictions, today a bit more reality set in. Many stocks are bouncing all over the place.

Lots of traders around and there would be plenty of people who would decide to take profits given the big rise yesterday.

there is a lot of nervousness in the market and a stock like Flexi which is tied to retail will reflect that nervousness. If you like the stock and feel it has good long term prospects then don’t worry about daily fluctuations. It is nice when it goes up but there will be corrections and currently we have very little info on how they are tracking, so people can imagine all sorts of scenarios but no one really has any idea.

if you are trying to trade the stock then daily rises and falls are great, if you investing for the long term, then try to ignore them.