A loss of 200 jobs could in fact be positive for the share price. It is common knowledge that the company is looking for measures to lower costs and reduce cash burn. I think todays activity needs to be viewed in the context of the irrational selling that has hit almost every stock at some point over the month of July. As of 15 July there was almost 3M shares shorted; quite possible this was added to today. I wouldn't rule out a sharp bounce back to 70c before the weekend.
- Forums
- ASX - By Stock
- word on the street is
A loss of 200 jobs could in fact be positive for the share...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PEM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online