I agree to hold the sp down in the face of the known facts does not make sense & would take considerable cost & effort to keep it down. Not to mention the risk.
I hope their strategy comes back & bites them on their butts.
Regarding short selling of PSY shares.
The ASX releases a daily short sales report & I have never see PSY on that list.
I don't think the shares themselves are short sold, maybe its done by CFD trading perhaps but I am ignorant of how or if PSY can be traded using those.
Presumably not reporting short sold stocks is illegal but if they are in & out in a day then maybe they don't have to report them.
So I just presume that the brokers or instos who have & do accumulate shares do so in various accounts & sell or buy from those accounts to generate volume & momentum which then pulls traders or small inverstors into the stock & then sell down which in turn forces some out.
At least that's how I presume it works.
Maybe someone can enlighten me on how that works?
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Change
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Mkt cap ! $3.050M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $421 | 35.10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55863 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 793674 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55863 | 0.012 |
2 | 383416 | 0.011 |
1 | 300000 | 0.010 |
1 | 100000 | 0.009 |
2 | 190682 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 793674 | 2 |
0.014 | 39999 | 1 |
0.015 | 180000 | 1 |
0.016 | 3124 | 1 |
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