Although she tanked yesterday, but take a look at the intraday movement, see how the high 33c, and the low was 30c, with the biggest vol ever! There are no long tails either way. It was just tanked, and traded within a very tight range, take a look at the intraday chart as well.
It looks to me there are some accumlation going on, It was like bang, tanked, someone sold margin called, stop loss triggered, short selling and then accumulation took place. The intraday swing wasn't that volatile, we didn't really get much intraday swing.
Take a look at SIP and ROC and even TOL, when they had a downgrade/bad news, you can intraday swing, but VBA just tanked, and that is a lot of VOL. why didn't we get some swings??? Who bought all those shares? Can't be retail.
It was more like a case, one firm exited and one firm went in. Look at the intraday 15 mins, do you know what I mean??? Yes it was a big drop, but on the intrday, we didn't see the selling to continue.
Call me stupid, but I expect a bounce on Monday.
And Eternit, if you continue to keep kicking people while they are on the ground with "you think it's funny" comments, I won't be answering your phone call. Please be nice, people lost money yesterday.
VBA Price at posting:
31.0¢ Sentiment: ST Buy Disclosure: Held
