"Monash IVF recovers after doctor exodus - The Australianwww.theaustralian.com.au › business › companiesFeb 21, 2020 - ... a 15 per cent drop in half-year net profit to 9.1m, marginally above guidance, as it stabilises its business in the wake of a doctor exodus." So this event escaped you? Doctors left with their customers to other IVF providers who were cheaper and some not tied to stock market.
The price increase is now over bought (over 80c) because of the increase in short positions. Which incidentally jumped from 1% to 2.5% in just a few days (who knows what last 4 days of fun activity has been going on). Quick look at VTR.AX and its profit went UP trading only slightly up inline with the market recovering. It didn't jump almost back to Feb position as this stock has.
My only suggestion was there was a big play about to unwind and those who thought .40c all was not lost and you should take profit at these levels or off load some and reload when the big play hits.
MVF Price at posting:
77.5¢ Sentiment: None Disclosure: Not Held
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