maybe all the people that bought shares btw the 25/05 and 01/06 were the suckers....
come 04/06 no more suckers willing to buy overpriced shares and the stock tumbles...
I thought 04/06 may have been just a dumping day i.e. people spooked... people selling to fill margin calls.... i.e. people forced to sell below fair value.
BUT There has been no bounce back...
RichE's analysis may be valid....
I havent seen to many people buying from the ask... just dumping to the bid. i.e. no "mums and dads" buying...
TXN Price at posting:
54.0¢ Sentiment: ST Buy Disclosure: Held