The shorters target SP is about 8c, about 65% retrace. Assume they borrowed 10M shares & offloaded them at 12c = 5M x 4c = $400k.
On the other hand with a big announcement they will be scrambling to buy back the shares sub 12c as each 1c over will cost them $100k.
Hold tight SP will go to 15c & we can make money off them. Put your orders in for a possible dump into 10.5c at close. If we load up the buy orders at 11c they will need to borrow heaps more shares to sell & force it down at close.
DW8 Growth, page-3968
-
- There are more pages in this discussion • 12,436 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KDY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| KDY (ASX) Chart |
Day chart unavailable