Its a case of 'throwing the baby together with the bath water' sentiment. There is no doubt that as BMN enters the asx 300, a lot of CFD providers will allow leverage stock trading on BMN. This will apply to the long/short trading methods.
The scenario is that because it is on average a medium to low turnover stock, don't you think that there are many opportunities for small cap hedge funds to short this one? It doesn't take many large sell orders to drive it down and what perfect opportunities than the weeks before fund raising completion announcement to keep hammering at the SP. Conspiracy theory but look at AFG, ABS as examples.
Why all of a sudden the negative rampers have dried up completely. There are no more downside to this stock! Come Monday, I suspect that they will be some short term effect on the SP if the rest of the 1 million sell orders hits at open. There have been some suggestions that post market close has more liquidity if one is intending to dump stock. Maybe someone who has more experience can comment to the logic of this reason.
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Last
$2.95 |
Change
0.090(3.15%) |
Mkt cap ! $526.9M |
Open | High | Low | Value | Volume |
$2.98 | $3.03 | $2.94 | $1.499M | 505.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1610 | $2.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.95 | 5480 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.900 |
1 | 11000 | 2.880 |
1 | 5000 | 2.850 |
1 | 250 | 2.840 |
1 | 5000 | 2.830 |
Price($) | Vol. | No. |
---|---|---|
3.010 | 8343 | 1 |
3.020 | 10026 | 3 |
3.030 | 4106 | 1 |
3.070 | 3773 | 1 |
3.080 | 3000 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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