No one is wating to "make profit" on this one, people that bought the stock when it was pumped and are now trapped are selling into volume as soon as it appears.
Do you know who was the most active broker in the stock in January? And in February? COMMSEC.
Its all retail holders buying, not "sophisitcated" and those retail holders sold their shares to other retail holders.
The point i'm making is - there's people ready to jump ship, and the announcemnet just gave them a way out, no one is waiting for it to hit 60 cents, they are taking what the market is giving them
No one is wating to "make profit" on this one, people that...
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