Post by
MrAlberta on Dec 19, 2023 10:00pm
Dec 19 share price plummet?
Any thoughts on why CSU dropped like a rock today? I can see things being a a little overbought after the big run up in the past few weeks but to give it all back so soon seems a bit weird. Looking forward to any informed opinions on this.
Comment by
CHECKMATE77 on Dec 19, 2023 10:38pm
My guess. csu is a thin trader most trades below 100 . Today a shareholder or two decide to to sell and they held a good number of shares. bang,,,
Comment by
MrAlberta on Dec 19, 2023 10:56pm
Yeah, but at >$3k per share it will always have low volumes unless institutions with large positions sold huge blocks of shares. Lesson learned might be just have a lowball offer in place until someone selects to sell "at market" and the only offer on the table is offensively low. Then a few trades later, things recover.
Comment by
MrAlberta on Jan 22, 2024 10:22pm
Figured it out way later, Dec 19 was the ex-dividend date. Anybody selling probably forgot about holding on for one more day and got sniped with lowball offers that cascaded lower.