No blood pressure over here. Sell in morning buy back afternoon, It was worse when sp was at 50c, every time it moved 10c was making or losing 35k. Still in the green 180k, just lost last weeks gains but will get that back soon ;).
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Motley Fool knows why the price dropped!
https://www.fool.com.au/2017/11/01/w...8-lower-today/
Why did its shares sink lower?
With no news out of the company or broker notes to speak of, it is likely that investors have been spooked by a change in substantial holding announced yesterday afternoon.
According to the announcement, Colonial First State Asset Management has trimmed back its holding in the dairy company from a 6.4% stake to a 5.4% stake.
With Bellamy's up 2% for the day, the drop in the A2 price today looks very much like your garden variety profit taking, will be interesting to see if the sell off continues or reverses in short order, excuse the pun.
I think we all got a bit of a reality check today.
Wow, what a day it was y'day. Glad was away with other commitments during trading hours from the computer.
Highest volume on ASX for the year 23mln plus shares changed hands. Think its just shake, drop and grab a bargain by the big fellas, I certainly don't think so. Will be interesting to keep an eye on those SSHs that will come through over next few days as to ascertain who's dumping and who's accumulating.
I for one don't think the sell off is done yet, there might further weakness in the lead upto the ASM in couple of weeks time.
Disc - didn't panic and sell any of mine.