I believe the PBT ann was a perfect opportunity for some tree shaking. I also believe the weak hands fell for it.
Seriously the amount of buying that has taken place over the last 4-6 weeks were not small investors. There has been some big money invested in ADO, and I believe the sophisticated investor is embedded into ADO.
It was weaker hands, perhaps traders that have bailed as the boom over 30 cents has not happened like they thought. They either cut losses or locked in some profits and moved on.
ADO Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
