It was a over exaggeration especially with the downgrades from the banks... The company didn't loose money, it's still made profits, it's rev was lower as it was expected. People knew this prior to the announcement and stock was hovering around $10+. Big bankers scare people, making our stocks smell sour everytime it get's lower...
Still holding. But when thing's get better and banks decide to give it a positive E.V the sheeps come back up and buy again.
Buy stocks that have sp going down, but business going up. Not vice versa. It's a long term game.
Chart Update, page-17717
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Last
$6.85 |
Change
0.000(0.00%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.88 | $6.90 | $6.85 | $457.3K | 66.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1409 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 8650 | 5 |
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| Last trade - 10.09am 16/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |