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clock Created with Sketch. 25/10/22
13:31
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Originally posted by HCgreggy:
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I noted this morning on Commsec there was a sale offer for 2500 shares at $1.96. This offer disappeared just before opening. First sales today were at $2.04. Putting in phoney orders to manipulate the share price appears to be a common practice with ASM. I noted yesterday that there was not the typical dumps of around 50,000 shares in the morning which are slowly bought back during the day. Unfortunately I believe that the share price manipulation by the shorting entities is far from over. The 'shorters' are playing a psychological game, just when we all think the market has turned, and some of the anxiety of holding ASM is relieved, the 'shorters' will dump shares into the market again. I expect this to continue until ASM have established cash flow, new metal plants are announced and Dubbo funding and construction are locked in. Probably my guess another 6 months of shenanigans before our much anticipated short squeeze. I am girding my psych for another dump. Hopefully this is only my paranoia in play and ASM will continue to appreciate too its rightful valuation. But hold tight the ride is far from over.
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I agree, i note though yesterday with 10% up there was still 150k shorted, app 30% of volume and thats if they were telling the truth
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