There's are few reasons in play today.
1. Overall market is very negative today. Almost all goldies are down today.
2. The POG has been smashed for at least the last 9 days and is currently still in a short term downtrend. Despite that, the SP has held up well the last 4 days.
3. Often, holders will sell into good news as now that information is priced in and they'll look for a lower price to enter in preparation for the next good news.
It all sucks I know, my holdings are in a world of hurt but we wont go down forever, nor will the POG so I'm hanging in for a rerating ;-)
GLTAH.
why does ALK go backwards on all good announcements, page-2
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Last
46.0¢ |
Change
0.020(4.55%) |
Mkt cap ! $278.1M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 46.0¢ | 43.5¢ | $323.3K | 723.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7565 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 30257 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |