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!
I may be wrong... it has happened before... But hammering a...
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Last
$2.66 |
Change
0.010(0.38%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.67 | $2.63 | $8.624M | 3.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 171129 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 42554 | 4 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
