There has been a large amount of forced selling over the past few days. It all started following the trading halt which saw no trading on Friday. A lot of traders trade this stock on T +1,2,3 basis and margin providers net off trades. Therefore, some would have been due to close out positions Friday but could not because halted. This started the downward spiral Monday and given its further falls, traders are still forced sellers to meet margin calls, prevent them from putting up collateral to cover the trades. Most of this should be washed out today and the stock in a good position to stabilise and rebound.
Good luck
Got into FCN early sold out close to top, bought back in recently so giving a bit back.
RBO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
