The thing is, that list of Snoop Doggs is exactly what the big boys want in the news when driving a price down.
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still dropping... now $2 dollars lower than when I sold...PE still inflated and this may well be the trading share of the year.
It is some news sure, but not the news that would cause such a fall.
1) m Bovis. Very small number of herds affected and does not affect milk. Now it is A1 and M Bovis Free milk,
2) Increased product demand and margin improvement sees greater farm gate payout.
3) A command economy with citizens who will go to any lengths (emptying foreign land supermarket shelves) to get a premium product
That said I accept the news is a useful way of stimulating worry in the short term
ASX closed A2M at $9.30 or $10.16 so we can expect more action today. I've got my hand out for more at $10.00
Westland Milk considering producing A2 products https://www.nzherald.co.nz/business/...ectid=12056492
Assumption here is that big boys are driving down the price with a view to driving it back up.
What if it is just normal sell off due to underwhelming result, general news, technical selling charts,
overinflated P/E, increasing headwinds in the future, etc etc
Oh the joys of owning shares in a 'high growth' company!