No Dhuy, the market's not mad, you just don't understand what just happened.
That was forced margin selling. Commsec recently reinstated GBG on margin and the idiots couldn't suppress their greed and bought up GBG on margin early this month when the price ran up to $1.11. When the price dropped from 81.5 on Monday to a low of 73.5 yesterday, a heap of loans went into margin resulting in margin calls today that had to be settled this afternoon.
The even worse news is that todays drop could trigger even more selling tomorrow.
To everyone in general-
Don't be an idiot....... DON'T BUY GBG OR ANY OTHER STOCK ON MARGIN!!!!!!!!!!!!!!
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