I may be wrong... it has happened before...
But hammering a share price on release of results when the buy stack is thin is a fairly classic move... particularly if there's a results conference happening right at that moment. All the factors align for an awesome response to the triggers:
1) People haven't had a chance to digest the results, so they think somebody else has turned up a bad thing.
2) People who aren't tuned into the conference think something terrible has just been revealed.
3) The lines are thin so you can wipe out of a lot of them without having to risk a large short position.
4) The outlook for Regis is extremely strong so you can cover your shorts and still take a large position at a low buy price.
I hope I'm not wrong... I doubled my stake on the dip!
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- Ann: June 2018 Quarterly Results Presentation
Ann: June 2018 Quarterly Results Presentation, page-5
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Last
$2.56 |
Change
-0.030(1.16%) |
Mkt cap ! $1.473B |
Open | High | Low | Value | Volume |
$2.60 | $2.60 | $2.54 | $4.403M | 1.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 94933 | $2.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.57 | 35564 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13580 | 5.400 |
6 | 81080 | 5.390 |
10 | 155033 | 5.380 |
10 | 111218 | 5.370 |
2 | 19337 | 5.360 |
Price($) | Vol. | No. |
---|---|---|
5.410 | 33582 | 4 |
5.420 | 206580 | 18 |
5.430 | 104617 | 15 |
5.440 | 34745 | 6 |
5.450 | 31559 | 6 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
RRL (ASX) Chart |