The shorters made their cash when they were smashing the stock down ahead of the institutional placement late last year.
The stock was obviously deliberately depressed then so that the price was low for those-in-the-know to benefit from a cheap institutional purchase. How this didn't trigger some sort of investigation is beyond me and Paladin management should be ashamed that they let this happen (either deliberately or by allowing the leaking of plans to have a placement).
Now it's back on the path to recovery again thankfully. Let's just hope that those that manipulated this stock to buy it cheap are sticking with it so they can manipulate the price back up again! Because that's what stock markets are about these days - speculation and manipulation, and nothing to do with investing any more.
shorts going long, page-5
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Last
$13.99 |
Change
0.010(0.07%) |
Mkt cap ! $4.182B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $14.02 | $13.62 | $27.61M | 1.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 198 | $13.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.00 | 5278 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |