1MC 3.33% 2.9¢ morella corporation limited

AJM Chart, page-2319

  1. 311 Posts.
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    hi Jeff

    Yeah I was surprised also about the large volume of shorts, however you could be correct and I just do not understand the figures correctly listed here

    https://www.shortman.com.au/stock?q=ajm

    I think shortman only covers the ASX, the overall volume traded that day was higher if you include CHI-X

    I am not sure why such a large number are listed as shorted on Thursday, I mean there was no bad news, real selloff or big drop so they would be struggling to hold AJM in check IMO.

    I see a pressure play going on here with the mining date approaching fast and shorters attempting to assist there mates to get enough stock, look at that large seller of around 1 million shares who moves up and down depending on the price, he flushes people out IMO.

    I cannot see the share price being 40 cents in June when SPOD is being shipped and yearly income figures over 100 Million dollars, I am holding solid. Crikey think about the thousands of companies on the ASX that make zero income for decades and people are still holding them, personally I disposed of many at a loss and just took the dive into AJM some time ago now.

    Another Lithium company I have equal number of holdings as I do in AJM recently went from 8 cents before going to 18 cents and I am holding solid there and laughing about it now .

    GLTA and please DYOR as the above are just my unprofessional opinions.
 
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