it may correct itself in a couple of weeks rajen.... there is barely a stock on the asx that is down from greater highs in the last financial year that would not have felt the effects of tax time selling.... There would be plenty of people that bought this a lot higher than 2.5 cents that could be selling to capitalise some losses to offset capital gains on other stocks....
can't say how much of it there is naturally, but, i would think it is a material effect...
this is the perfect type of stock for that... there isn't any whirlwind news due any day that could send the stock soaring, so some would be happy to sell off now, avoid income tax, then buy back again shortly...
STL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
