Fat Blighter
Anyone who has watched the hourly trading patterns, the line wipes and the movement counter to the general market can see the manipulation that has occurred over the past 18 months on the back of doubt and fear.
As that doubt and fear has increasingly dissipated the shorts have been drastically reduced. Of course on market good days the shorters can reduce the price on low volumes then gobble a few lines at a time as retailers are sucked in then dumped on again.
Depending at what price, from $1 to 75c, when the shorts were taken the shorters can still give a little and still maintain a profit but the game is plain to see to the observant. The shorts are being covered and the price allowed to rise and fall.
They have the financial power to do this. Witness the times at which the bots start to ply their trade. Chip Chip Chipping at the price before a line wipe occurs and the fear takes over precipitating more sales and stop losses.
meanwhile the stooges on forums such as this foster more doubt.
This is why shorting is unfair. The big boys have the financial power together with multi-accounts enabling cross trades or buying and selling to each other and no brokerage, to control the market. In my opinion its corrupt to the core but that's how it is. The ASX loves it as the turnover is inceased but it is not by any means a free market
Best look and learn!
As the doubt further recedes and when the shorters have covered their rear ends the trend will turn. They know they can avoid a rise due to panic buying but FACT!!! the shorts are being covered and it seems they are timing it to perfection to all be covered by first production, election and sales in the coming financial half of the year.
Patience to holders and especially those poor buggers who have been lambs to the slaughter at the hands of the big boys and those that string along with them for the ride.
If lunas can secure a balance of heavies to complement their lights, looking inceasinly probable as NTU, HAS and CUX could go for a song to add to Duncan, the will be big, they will assure supply to end users and RE prices will secure premium and stabilise enabling production and product expansion to go ahead. Moly looks dead and Lnas future looks to me the best it has been for a long long time.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 6.180 |
2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
6.290 | 27747 | 5 |
6.300 | 17068 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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