It's all about psychology. People think that by placing a sell order their order might get through before the sp tanks. Of course they make it worse that way but that is how people react when they switch off their brain. Same applies for the other direction. Once sp rises they line up on the buy side hoping someone will sell them shares for the lower price. This irrational acting is used by market manipulators, stacking the sell or buy side to achieve their goals.
But we now have to consider that there will be no update on any of the 4 outcomes ( ATL 1101-03,Pharma DD ). That will cause more to panic in the comming days as they fear we will get 4 bad news.
Quite frankly, I don't mind to see the sp going down further to top up cheaper. Buy low, sell high is the way, not the opposite. But the problem is: At first psychological pain before the huge financial gain.
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