Market Gap and drop, what have we missed?, page-125

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Anatinus

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14/12/17

23:11

Post #: 29644373
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Originally posted by iliya ↑

Meh true they should have said something but I don't the Drop is that significant for them to have to. It was a gradual one rather than instant one. Plus it was only 13%. They didn't have to say anything when price went up by 13% recently with no new announcements so they don't have to do it for the drop either. Pretty sure the ASX requirement for it is for much larger gains/drops.

Tbh I would dismiss this move as Random walks however what is bothering me is the extreme volume of the trades going up to 3.4% of total floating shares in one day. My guess is that someone with a massive holding was disposing rather than individuals re-acting to something. I assume that whoever that person/institution was needed the capital urgently for whatever reason or there was a change of preference in their holding policy. This is most likely scenario as if it was based on non-public information they would be in serious trouble since tracking it would not be difficult for ASX.

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Only 13% ...
Don't get me wrong I only bought back in after it fell, so taking advantage of situation. But I would be disappointed if any of my stock fell that far in a few days without any reason, it's not a penny dreadful.
It's also not random event either, someone knows something.
Agree with your point on volume and someone getting out.
Sorry about dot points on my phone ATM
Peace out

TGR Price at posting: $3.58 Sentiment: Buy Disclosure: Held
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Market Gap and drop, what have we missed?, page-125

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