And I think another poster identified an issue, that should have been picked up by the hotcopper community: TYR being kicked out of the ASX200.
TYR market cap is shrinking, what's the cut off for being included the ASX200?
Market is sensing this, and so all those index hugging type funds are acting in preparation. Lol this is where passive ETF investing works in reverse on the underlying share. As market cap rises, the passive ETF have to buy, but as market cap falls, the passive ETF have to sell.
Good for the company on the way up, but adds additional selling pressure on the way down. And with the trend to passive investing increasing, these types of effects will be magnified.
My personal view is patience, there will be some good future entry points, but have patience, let the market do its work and then only step in.
TYR Price at posting:
$1.45 Sentiment: None Disclosure: Not Held
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