Our banks not helping today, dragging on our market again as the...

Our banks not helping today, dragging on our market again as the market is probably now certain of another rate cut here. The AUD also dropped early but has recovered that loss. Very low interest rates hurt banks profit margins. Good for borrowers but bad for banks.

It would be nice if A4N could trade on its own merits but obviously not at times of extreme market volatility.
The thin volumes do show that once A4N does start to trade on its own merits, the sp is likely to rally very rapidly on low volumes with a lack of sellers. Selling below 20c can look like a good idea short term but when the market bottom becomes obvious I think it will be very difficult to buy this stock on volume and many sellers might find they can't get back in below their exit price. Selling only to try and buy back lower would also be risky now with news possible any day and a market bottom possible at any time now that the news on this virus seems about as bad as it could get. The spread of the virus will no doubt increase but that is now fully expected by health officials and possibly fully factored in by the market.