Yes oversold, but there absolutely will be some wary punters and...

Yes oversold, but there absolutely will be some wary punters and a heap of resistance based on anyone that used T2 to finance their positions. The catalyst for this 'Tree Shake' was a 900k position being thrown into the bid...the result was a heap of stops being hit that pushed it down further. If I was an institution that wanted more (cheaper) this is exactly what I would have done!!! They are playing with the bid/sell and manipulate an outcome that suits!!! What they cannot control is news coming from RAG re drilling etc...the volumes are too much and they sit there by the sidelines until they can take control again. I honestly believe this was a coordinated move to push the SP down so they could Hoover up everyone's shares at a significantly lower SP. RAG results will come through soon (this week hopefully) and they will lose control again!

IMHO- Not financial advice - DYOR