The market can stay irrational longer than you n I can stay solvent... Sometimes when markets are like this, it's a series of events...But AJX is kicking goals... Oneday, And we only need one day the market will adjust accordingly!
Understand that funds need to adjust their holdings when a coy leaves the ASX 200-300... It's a requirement for ASIC or whatever. it bears no significance to coy outlook...That's why it's great to be a retail investors, as we aren't bound by the same rules n regulations as a fund manager, no matter the FA of a coy... I understand there's also a policy about Coys with MC below 200million. That it becomes harder to use in margin lending.? This may not necessarily be the issue with AJAX but there's many tools in the fire and it only needs one to push the SP up or down.
The market can stay irrational longer than you n I can stay...
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