CXO 2.27% 10.8¢ core lithium ltd

Ann: Significant Widths and Grades of Spodumene at Sandras, page-211

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    Has the mail come through for the sector to be shorted to milk the herd?  Maybe.  Proving shorting is being used as a targeted activity is difficult.  To be truthful many retail traders don't understand shorting or are unaware of its deeper implications.  If it becomes a targeted activity, it is illegal, and should trigger the orderly market rule to prevent market distortion to the best of my knowledge.  The watchdog is asleep.

    On the GXY forum, Investor Gadget put in an excellent link which demonstrates the collective force individuals could have to offset target shorting activity. http://www.contracts-for-difference.com/Borrowing-lending-shares.htm

    For those that don't realize, your own shares can be used against your own investment by brokers lending them out.  The solution the link above explains is to short circuit the shorting practice by reducing the pool of shares that can be lent against your interests i.e. to place a sell order at twice the share price and vary it as the share price rises.  The article indicates shares in the market can't be lent.  Food for thought for large holders copping a loss or lots of small holders.
 
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Last
10.8¢
Change
-0.003(2.27%)
Mkt cap ! $235.0M
Open High Low Value Volume
11.0¢ 11.5¢ 10.5¢ $544.7K 4.937M

Buyers (Bids)

No. Vol. Price($)
53 4272084 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 579272 19
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Last trade - 10.42am 18/07/2024 (20 minute delay) ?
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