Yup - indeed!
This is a ridiculous grossly overdone reaction by a totally illogical market.
Given that there was no "buy the rumour" run up in price, it is hard to see this as the usual "sell the news" stuff.
Obviously, somebody IS snaffling BMN shares up at these low prices, but I have no idea why the selling pressure is so strong. I'm a pretty rational character usually, and while the old saying about the market always being right is generally taken as gospel, there are times when I really do wonder as to the sanity of sellers (and buyers in some of those huge upspikes that can occur on stocks).
Selling under pressure into a rapidly falling price is sheer madness. Or else it is being pushed down for reasons unknown.
where is the bottom, page-3
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Last
$3.30 |
Change
-0.170(4.90%) |
Mkt cap ! $589.4M | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.42 | $3.29 | $1.679M | 503.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1784 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |