What just happened?

One swallow does not a spring make. But that’s a mighty big bird that’s just flown across the sky.

After a prolonged period of hand wringing on my behalf – as the SP dropped from a close around $5 in early Jan to $3.20 on Monday – the last 24 hours has certainly seen some movement. Not massive volume – but a definite shift compared to the last month or so.

No doubt there will be big swings in the future – in both directions (or maybe only up?!) - but this feels different. Or perhaps that's just positivity bias kicking in.

I’m new to trading – and have been lucky enough to stumble on PO3 as one of my first stocks. So this forum has been great for me in terms of getting a sense of the harsh mistress the ASX can be (……right about now I’d like to take a moment to bow down in thanks in front of the mighty @tukebay…)

But what just happened? Trust me - I'm more than happy that it did. Dived back in yesterday afternoon which makes today even sweeter.

No announcement. No external factors. Could be a whole bunch of things I suspect.

SP drops to the point where interest is regained as it reaches obvious ‘bargain’ prices? A leak of some sort? Increased awareness of the management team at the helm? Awareness of new Stryker appointment? Awareness of BP’s position as Director of Bissell? SP gains leading to interest leading to SP gains etc? Or just a desire to see down rampers eat crow?

(Hah! Started writing this at $4.10 – glance up to see $4.15. We must be taking the scenic route to $3. Can’t wait for the missus to get home. And the dog eats steak tonight.)

Keen to hear views.