Does anyone have a view on why TRA crashed 30% yesterday? I know it's a volatile stock and on a downward trend but seems severe given yesterday's little rally. Perhaps someone has seen news from Japan that might explain it?
Errr ... it was only 1p before the 'crash' to 0.63p yesterday. It had a solid support at 1.25p from September 2002, yet this was broken on 24 March, so once support has gone there's nothing to hold it back from the cliff edge.
Yesterday's volume was 64.1m according to ShareScope, representing around £640,000 - so perhaps it was someone crystallising their losses before the end of the tax year.