In the big picture of things 2.1M is not that many shares that were used to start a SP avalanche. There are plenty of Instos who are holding more than 5% which equates to more than 36M shares for each of them. Its still a gamble to sell off your borrowed shares in a controlled burn in the anticipation you are going to buy them all back for a profit big enough to warrant the risk.
Like @blackeyed said its obvious to blind Freddy that everytime a dump like this occurs it amazingly coincides with the NZ Hearld running a scare campain article to give it a kick along. The facts they regurgitate are dated from the 28th of November but they are made out to be current events. If I was a New Zealander I would be ashamed to have a national paper that blatently throws successful local companies and shareholders under the bus for increased readership or web visits or it could be something I am not prepared to spell out online.
No loss for me but how many people have stop losses in place for these instos to make their move and make a profit from it. Can the Instos monitor how many stop losses are in place per company or is it just a educated guess when the SP looks overbought before they make a play ??
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Last
$6.70 |
Change
0.110(1.67%) |
Mkt cap ! $4.843B |
Open | High | Low | Value | Volume |
$6.64 | $6.77 | $6.64 | $12.36M | 1.844M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10812 | $6.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.70 | 12740 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 22349 | 6.670 |
2 | 17277 | 6.660 |
3 | 11128 | 6.650 |
1 | 3468 | 6.640 |
1 | 5000 | 6.620 |
Price($) | Vol. | No. |
---|---|---|
6.700 | 12740 | 3 |
6.710 | 20797 | 3 |
6.720 | 9552 | 4 |
6.730 | 4993 | 1 |
6.740 | 24993 | 3 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |