The current movements over the last 2-3 weeks is testament to the fact that there are indeed more inexperienced and new “retail” investors than ever who are literally expected big movements of 2-5% per day. It’s actually quite funny to watch, except people losing money isn’t exactly funny.
I don’t understand the swing anymore and have stopped trying to rationalise because I know in 12 months (max), this stock will stabilise and have undeniable form.
The TNT & Co. revenue already speaks for itself and the new comers are expecting action every day in the way of acquisition announcements and contracts, otherwise they get bored and sell.
I hate to be nasty, but this wave of recent sellers are more likely than not the same people who got destroyed in the BRN hype bubble.
TNT Price at posting:
21.0¢ Sentiment: None Disclosure: Held