I suspect there is a big seller dragging the market down in this illiquid stock. I bought some after the announcement and watched the bid/ask queue intently. My purchase resulted in an XT so I reckon the big seller's broker is my broker, i.e. Comsec. I have experienced this before. Price going down, everyone thinking something is wrong but actually all ok. I suspect this big seller has put a lid on what should have been a significant bounce. Let's hope the big seller is not CBA because they have an enormous number of shares to sell.
MOC Price at posting:
$2.14 Sentiment: None Disclosure: Held