Gday Ry4n Share price drop is caused by a number of factors. 1- Reflection of current market sentiment regarding consumer discretionary. 2-3% shorting may have some influence? 3- Last Company announcement showed a small decrease in sales for first 6 weeks of trade in 1HFY indicating small drop in sales/profit in this FY. Indicating a possible drop or no dividends going forward. 4- Holders getting nervy. 5-Holders taking profit 6-The market is the market and often overreacts. I am waiting for a bottom and will do some averaging down as I like the stock more and more the cheaper it gets. Solly Lew is still buying which is nice to know. Just my thoughts for what they are worth [ which is not much if you ask my kids] I am sure I am telling you stuff you already know. The Crack
MYR Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)