Have a look at today's chart, over 54m shares change hands, it is over 6m AUD.
The sell pressure was expected, how is the sp end up higher than opening with a such big volume. Can you image so much buy interest after yesterday's ann.
Like you, my friend who sold Asn 2 weeks ago doesn't trust this company. He believed management was hiding the truth. But he actually bought back after saw the chart this morning. He thinks sp is highly manipulated by management & some Chinese and he believes the same story that happened in Dec (sp raise from 7c to 30c) will happen again. Some big guys know something and they bought a lot shares today.
I'm on the other side, I choose to believe the story management told us which means we still have a good chance to see a positive result. Management haven't sold a single share, they are confident still.
Doesn't matter which story you believe, today's chart shows sp will head north from now on.
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