On a serious note...If i was to have a guess at the reasons behind todays dip I would point to
The Reserve Banks interest rate decision today (rates on hold at 1.5%) depends on who you listen to
Then like you say the old Amazon bandwagon hit town... so I suppose a bit of money followed that around
And Lastly ALL the Big Banks are getting hosed...because of the Royal Commssion being drafted up. A double whammy for banking sector Interest rate stagnation and the Feds about to crawl up their ass
Pretty much got them spooked, Blue Chip investors are fearing the END OF THE WORLD and then in a day or two they will calm down and put the cash back in to the market.
Over here in the penny stock division we deal with the End Of The World scenarios on a Daily basis so a Royal Commission or Interest rates up/down/sideways hardly rates a mention.
Just a bit of my personal overview...I sure its one of those reasons.
PGM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held