I thought the bots were going to explode before the day was out! There is obviously a lot of effort being put in to keep this SP below 9c.
Any open short sells are in a very high risk position IMO. We are at the resistance of a very strong well established trend with no lack of buying. Also some very very company making news is due any day / minute.
The instos that got the placement at 11c are the ones that have caused the trouble for FAR. They are the most likely ones to be loaning their shares to short sellers for a % return - so they have actually made a return. FAR needs the SP above 11c to stop that happening and the instos to start calling back their shares.
So IMO 9c will fall, convincingly and soon, News will push the SP through 11c, and FAR will become a prized stock once again.
Hopefully a green day today, page-26
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 50.0¢ | $13.38K | 26.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 314682 | 3 |
View Market Depth
| Last trade - 15.44pm 08/11/2024 (20 minute delay) ? |
| FAR (ASX) Chart |