People need to just chill out - I’ve seen it a couple of times recently on other stocks I hold where there were large sells/ director selling & general weak share price which were followed up by some very good announcements.
Two relatively recent examples in other stocks I held:
https://hotcopper.com.au/threads/ann-trading-halt.5522108/#post-46142200 - $500k selloff before a trading halt - check out the similar comments to here
followed by a positive announcement which resulted in a 20-30% increase in SP
https://hotcopper.com.au/threads/ann-diamond-drilling-confirms-gold-at-depth-at-ne-bankan-guinea.5528300/
Similar with CHN with a director sale- https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice-s-quin.5544029/
which was followed up by an announcement which lifted the price by 40-50%: https://hotcopper.com.au/threads/ann-significant-extension-of-high-grade-zones-at-julimar.5559137/
Quietly confident on the upcoming results given the info we know so far but either way its too late to do anything about it now.
Ann: Trading Halt, page-90
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Last
38.0¢ |
Change
0.015(4.11%) |
Mkt cap ! $211.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 39.0¢ | 36.5¢ | $822.1K | 2.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 174062 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 29612 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| DXB (ASX) Chart |