I suspect there has been a lot of hedge fund money sitting in OX shares waiting for the takeover - and since it hasn't happened they have lost patients and sold out / are still selling out
this is just my un-educated guess based on the fact that the OX has traded below the 200 day moving average for about 7 weeks. Go back 6 years with a weekly chart and plot the 40 week moving average (ie. 40 weeks = 200 day) and you will see with the glance of an eye that the OX price has not traded this far below the 200 day / 40 week moving average in that time.
and the sooner we are rid of the hedge funds the better
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oxiana limited
what is wrong with this stock, page-4
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