Tali Health 2020, page-10

The price dropping 14% today with no news is obviously disappointing. I'm genuinely curious about the way this stock is being traded, and what is driving it. Ridiculous comments about low revenue last quarter aside, there's nothing about the story that changed for the negative.

My assumption is that a lot of buyers are now observing the downtrend, and waiting for positive news to buy in, some bargain hunters aside. Not an unreasonable strategy. What I don't really get is the supply. In reality, it's been pushed down on relatively low volume since the spike to 10c, and 70% of trading over the last 12 months has happened between 4.1c and 8.9c. If the supply is coming from buyers north of 4.1c, then why? If it's coming from the 15% bought below 4.1c then why at this price? Is it really a response to unsurprising low quarterly revenue, an unverified release of information on social media before xmas or simply wall street articles regurgitating very old news?

I haven't been given any reason to question the Tali story at all, in fact aside from the share price I'm happier than when I bought in, but we need a SERIOUS upgrade to our register.