Quote Originally Posted by Ogg View Post
I'm pretty sure it's an out flow of speculative funds from Pushpay into Afterpay.

Also, why risk your money here when you can get better returns with the FANG stocks and no risk.

The drop below the book build price is a huge bear signal.

Without the NASDAQ listing and only a handful of institutional investors, there's not alot of rich pockets to take up the slack. Not alot of activity on HotCopper either. Who's left, mom-and-pa NZ retail holders?
Price is down a little over 10% of the book build benchmark.
I can only speculate on this fall. Perhaps its profit takers. perhaps its insiders with a whiff of the 1/4ly announcement due next week. Perhaps a reflection that overall market is also down a fair bit over the past month. Perhasp its shorters up to tricks.

Given the speculaiton I don't see the drop as a huge bear signal.

I'll wait for next weeks results before finger heads towards panic button.