Q: "What would stop someone from driving price down to say $[?]"
A: It's about value, and potential value. No buyer or seller operates in a vacuum. As DCN approached $1 others, retail, instos and management would BUY. If one shorted that heavily/hugely, a short squeeze could wipe them out.
Q: "I understand it is difficult for liquid stocks but shouldn't be a problem for something like DCN.[?]"
A: DCN is liquid enough, but not liquid enough to conceal such a predatory strategy. Others would jump at a taste.
OC
- Forums
- ASX - By Stock
- DCN
- Ann: Quarterly Activities and Cashflow Report
Ann: Quarterly Activities and Cashflow Report, page-4
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)