It's simple Secunda.
They borrow shares from institutions, at low cost.
Use these to dump on the market and create fear.
If the fundamentals of the company are shaky, this will work.
The shares are only borrowed, so they must buy them back, at some stage.
If the price goes up instead of down, they can wait it out, extending the borrowing at more cost.
But at some point they must buy them back.
Profit or loss either way, is theirs for the taking.
It's a leveraged bet.
Make lots of money, lose lots of money.
Gambling at its finest.
Because what we have is so hard to understand, they are like flies to sweet smelling fly paper..
Sorry, maybe someone else can provide a link?
I need to get moving..
2022 BRN Discussion, page-3666
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $483.2M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 25.0¢ | 23.0¢ | $2.383M | 9.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 338128 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 1301709 | 24 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |