"I am suggesting that this is possibly due to stock rotation as some investors may see better value investing in LTR looking forward as they are better valued (again another subjective assessment)."
If I understand correctly, by stock rotation you mean selling one stock (in this case PLS) to buy another stock (in this case LTR). Isn't it too risky to sell a much better performing stock to buy the lesser one?
I think it is not a case of stock rotation but a case of buying day rotation. Like what has happened with PLS, I just noticed LTR also has Mondays as the Red Day. There have been 10 Red Mondays.
But unlike PLS, LTR often has Green Tuesdays. And when it has a Green Tuesday, it then has Red Wednesday.
I am now very curious if LTR will have a Red Wednesday and PLS a Green Wednesdays tomorrow. If they do, then this pattern is not a coincidence.
Good News & Bad News, page-45180
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Last
$2.84 |
Change
-0.040(1.39%) |
Mkt cap ! $8.550B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.97 | $2.84 | $45.32M | 15.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 223284 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 26459 | 3 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |