I just don't get it! How can the Shorters be so bold to short a further 15M shares yesterday whilst the price is at 15-15.5c? To have any confidence of doing this, they would surely expect the SP to go to 10-11c or even lower - and, even at that, the risks are considerable considering the news that seems imminent. They knew something we didn't last time - so what's the story this time?
Could also be a scare tactic - borrow the shares to make it look like the short attack will continue but don't sell them. This would cost them the interest component though, so I don't see why they would do it.
Happy to hear anyone else's perspectives on this.
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $20.57M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $6.086K | 987.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 19625522 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8039351 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 19625522 | 0.006 |
44 | 28425223 | 0.005 |
13 | 9700000 | 0.004 |
7 | 11634995 | 0.003 |
9 | 17100497 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8039351 | 30 |
0.008 | 11018991 | 23 |
0.009 | 13936776 | 15 |
0.010 | 6608729 | 9 |
0.011 | 27266522 | 7 |
Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
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ADN (ASX) Chart |