Back to the deck..
From a weekly perspective a drop from 1.1 to 0.8. Oppies sell on 0.5.
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So what is happening? We are back to where we were before the announcement. Now exactly at the trading place, both for heads and oppies. So what happened in between, the pump? Everyone can have different opinion, but in hindsight it does look like some may have played the innocent punters. Unfortunately, ENV did this before as well. Last rise to 5s, ASX had questioned the timing of announcement etc. And the reply from ENV was very lame. I had written that time, it was not a good look. Unfortunately same games are being played.
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So what may happen next week? It needs good results. And no fluff. Otherwise it may struggle to get another bounce, but never underestimate big pockets, they can still play it. So let's hope there is some good announcement to give opportunity for some to exit gracefully. Enjoy your weekend and all the best.
(20min delay)