The organized and programmed shorting is a little complex but in summary:My belief is that the practice should be banned because of its rigged nature of market manipulation.
- Financial institutions/traders/shit heads 'rent' a parcel of shares from say a large fund,
- Computerized trading then will dribble small volumes (down to one at a time) of these shares into the market which, especially when news is scarce, has the effect of depressing prices, (check sales volumes for a shorted stock during a day and the number of small parcels is mind boggling)
- A judgement is made to halt and short sold shares (and possibly more) are purchased when 'normal' forces come into play and the price rises.
- A profit is made in this process and the 'rented' shares are returned to the owner.
The large funds don't mind lending their shares because they profit with zero risk.
- Forums
- ASX - By Stock
- BGL
- BGL - Share Price forecast and results
BGL - Share Price forecast and results, page-249
-
- There are more pages in this discussion • 183 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.37 |
Change
-0.035(2.49%) |
Mkt cap ! $1.752B |
Open | High | Low | Value | Volume |
$1.42 | $1.43 | $1.37 | $9.449M | 6.791M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 62949 | $1.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.38 | 62250 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 62949 | 1.370 |
6 | 215133 | 1.365 |
10 | 140648 | 1.360 |
1 | 33671 | 1.355 |
16 | 150293 | 1.350 |
Price($) | Vol. | No. |
---|---|---|
1.380 | 62250 | 3 |
1.385 | 38989 | 2 |
1.390 | 44070 | 3 |
1.395 | 84816 | 2 |
1.400 | 72560 | 3 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
BGL (ASX) Chart |