It wasn't a dump, it was a lot of automatic stops being
triggered.
As I said in another post, there were a lot of stops
clustered around 84 cents, which is 2 "ticks" below
the major support level created by the two capital
raisings at 85 cents.
It's possible that they were triggered deliberately, as
anyone with a basic understanding of support and resistance
could have told you there would be a lot of stops at the
84 cent level.
A sudden spike down and almost immediate recovery is quite
common on fairly illiquid stocks when they go a couple of
ticks below major support levels. Just wish I had placed
a speccy buy in the low 70's in anticipation!
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It wasn't a dump, it was a lot of automatic stops being...
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