I'm with you on this. The implication that an 'earnings' miss of c.$2m on a stock with stellar current and expected revenue growth (with associated head count growth) has sparked an avalanche of institutional selling is a stretch.
The shorts need a way out. I expected additional volatility driven by the shorts and stated that clearly on hc recently, but this is brutal and not proportional to the context. Its an act of desperation to shake out whatever liquidity they couldn't get last time the sp was here.
I'm with you on this. The implication that an 'earnings' miss of...
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Last
$2.40 |
Change
-0.020(0.83%) |
Mkt cap ! $1.663B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.44 | $2.35 | $938.2K | 390.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 17003 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 12322 | 39 |
View Market Depth
| Last trade - 13.08pm 27/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |