Sellers look at short term profits in the rear vision mirror, and sometimes that can overtake exhausted buyers.
Take this morning for instance, big volumes buying over 20c, and that exhausted that buyer wave. Then you have further sellers in the afternoon who decide to exit, without waiting for the next bus load of buyers.
Theres one question a genuine seller would consider, is 50m mc, a fair payout on the assets in hand, to cash they can generate, and matched against the value that peers hold ? Thats certainly a thought that the buyers are happy to take from neglectful sellers. Or is that seller only happy to bank short term profits ?
You can exhaust one group, buy or sell, then the other with lesser volume can move the sp about more dramatically.
The train doesnt get to the end destination in one session. Look at the year ahead, and satisfy that question. Is 50m on the cheap end entry for where this is headed ? Then dont sweat the noise in between.
