Title of a great old song, including the line
"all my troubles seemed so far away" :)
FH had a theory about the 2.5c dip yesterday.
Perhaps this is naive, but there were probably a lot of biotech investors who held both ADO and PBT.
The magnitude of their losses on PBT could have prompted them to sell off ADO (at a profit) simply to offset their losses and maintain cash levels in T+3.
Is that too simplistic?
I guess we'll know soon.
If ADO quickly recovers, then that might be the case. If ADO slips lower, then it's probably unrelated.
Cheers,
The Cat
yesterday...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.36M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $33.18K | 1.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2717347 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 723484 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADO (ASX) Chart |