Multiple choice - take your pick:
- some people didn't like report because they expected millions more $ from a 'biotech firm in Covid19 crisis' just like <insert fav bio stock here>!)...
- some people sold after their tested stock formula: <insert FY20 results> + SP pip rise = $ estimate for today>...because the 'dud' stock didn't make the pips expected
- some people sold because they believed others..who told them to sell..and definitely buy a surefire stock <insert preferred stock here>
- some people couldn't wait anymore..after buying post-IPO surge upto 0.63c...and seeing red trends for several months now..
- some people don't see a future in this company......b/c it 'only' made $5m+ after already being in biz for months after ASX listing...and because they only read the earnings page...(just like all newborn genius' that are expected to earn first $10m by first birthday)
- some people sold their shares to their mum..because they think the SP will rise & help their savings grow LT...
- some people thought selling will help SP rise...because, well, you just never know in this arcane stock market..
...and so on...
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Multiple choice - take your pick:- some people didn't like...
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