Correct! It's having own sense of the business enterprise value and based on number of issued shares what should the share price be now, 6months, 12months, 2yrs. Nothing wrong with profit taking, it doesn't mean the company is bad its basic risk management - buy when oversold, sell when overbought to perceived enterprise value.
I don't see any pump and dump here, it's not Wall St. Also ASX has since become strict due to ASIC recommendation, there would've been notices if any, even the smallest sign of "pump & dump" so clearly there isn't one here.
Personally, and don't attack me simply for sharing a sentiment... there remain room for profit taking. Selling down when managing funds don't happen in just a couple days, it happens for many days, sometimes weeks.
I think, and just sharing a sentiment, there remains sell pressure. Feel free to disagree but don't be nasty about it.
ENV Price at posting:
2.9¢ Sentiment: Sell Disclosure: Held
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