It is all about the index people (IMO). Have we had any news since the spp that has caused the move from ~15 cents to 12 cents ?
Mkt is running scared right now. Heading into cracking time I would have thought we find some support (assuming no massive collapse).
It is still a digital trade - the find what they expect to find and it cOmpletely reprices and re-rates. They don't and it will likely be trading at the lows again IMO.
We won't know this for another month or so. These moves are people running scared IMO not a reflection of what may become of it in the next few months.
ADE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held