But that is the problem. You bought up a supply and so did others (just like you). This created a sense of the company still growing and increasing sales. But in fact it was false growth and people “stocking up”. The growth in sales was false and therefore the downgrade was necessary once management confirmed the harsh reality.
The last time revenue was at the new forecast the share price was $14, page-52
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Last
$6.77 |
Change
0.190(2.89%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.64 | $6.80 | $6.62 | $8.993M | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5191 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 2584 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |