Certain funds will form an exit clique and pump it up to $16 where they can bail en masse at a higher price without making it crash further than it has already.
Saving some sort of 'white knight' buying in, I don't see much upside for this stock for the next few months.
Some funds will probably even go to the extent of publishing an upramp over at the AFR to reel in new investors in order to make their offload easier.
Chart Update, page-13249
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Last
$6.48 |
Change
-0.110(1.67%) |
Mkt cap ! $4.684B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.64 | $6.41 | $25.96M | 4.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 103592 | $6.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 48180 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |