Does anyone share a similar feeling to me that this could all be one MASSIVE shakeout.
The announcement, lets remember, does not say anything devastatingly bad.
Yet - the share price got hammered.
Lets remember that if a few of the big boys dump the mkt with a sell at mkt value - low prices will follow. This is catapulted by the sheep herd mentality of many individual investors = many I bet didn't even fully understand yesterday's market, yet sold out quickly, because the share price took a tumble. Remember, all this happened in about 2 hrs.
Let's move on Dr Cowie of D & D. This guy has a very solid reputation. I highly doubt he would recommend this stock as strongly as he does, if it is a dud - the type of dud it has been made out to be by the mkt over the past 24 hrs.
I get the inkling that really, what is happening, behind the backdrop, is that some really big boys are getting in at the low prices - the prices that were around before Alex Cowie's first recommendation.
Lets also remember that 80c is still a good price - yes, not as great as $1.40 at the start of the week - but, really, if it were that much of a dog stock, then we would have gone a lot lower.
I reckon in hindsight, people are going to look back at what happened over these last days, as something truly monumental and epic about TRH.
TRH Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held