Scoured online for any direct/indirect news article that may have any connections with today's price action. Couldn't find anything, let's wait and see what company has to say.
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My bet is there's no news.
Insto's driving the price down triggering stop losses. Pause in trading because of 15% random fluctuation. Announcement comes out saying nothing to see here, we're actually bigger and better than we ever were. SP jumps back up. Mum and Dad take a hit while insto's are laughing...
Ooooor the world is ending and I'm back on the noodles...
yep I had a good look online as well and found nothing to explain todays action. Yes we will just have to wait and see. Its been a good wake up call for me, I had been thinking of getting a few more but now I am thinking I have more than enough. TBH I actually have too many :eek2:
Is there a leaky boat ?
I'd be more worried if the volume had been huge but it was just all trickle it seems. I hope it was just an anomaly and maybe an opportunity to top up.
"Serko is at an advanced stage of finalising a material transaction that includes a proposed capital raising and requests that trading in its securities be halted to ensure an orderly market while the terms of the transaction are finalised."
https://www.asx.com.au/asxpdf/201910...jrfgcfdrsj.pdf