Definitely some keen selling.
Smells like funds exiting at any price to clear their books of so called non - performing stocks.
The MD Ralph Schmitt is back in Australia next week for a roadshow.
2 other stocks I hold were put under extreme pressure by dumping funds. Once the funds had finished (last week) both have had good re rates and have broken their downtrends. All these funds have done is take losses for their own investors and provided opportunity for others. This situation will be no different.
Over the last 6 months the tide has gone out on small tech stocks and many have been shown to not be wearing any clothes. SE1 is overdressed imo.
Definitely some keen selling. Smells like funds exiting at any...
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