You seem to be “onto it”.
How else are the big boys going to get them cheap?
Or at least at a level they are comfortable with to turn a solid profit in the short to medium term.
Pretty sure those that are suspected to be “lending” shares were solid net buyers prior to the short increase/selling pressure.
Does the majority really just expect them to keep on buying all the way up to increase their holding in a future monster? Whilst giving power to the plentiful retail holdings that can flip that generated profit?
No they possibly devise/plan/pre-empt a way/scenario that benefits them the most, let the shorts push the sp down, create a bracket/band/margin (seemingly successful @1-1.30) and operate within, whilst picking them up at the lower of the bracket/band which is obviously around current levels.
Hence why the arse hasn’t completely fallen out of the sp considering the sustained pressure.
I think LTH’s, holders around these levels, those that are lower or even stuck higher should just take a step back and either consider joining them by taking advantage of the trade opportunities within created bracket/band or hang onto them and say “see you on the flip side MF’ers”……
*Not financial advice, just abit of observation and common sense…
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $257.1M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $733.2K | 6.101M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 2280928 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 3364008 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1958696 | 0.120 |
71 | 4630433 | 0.115 |
109 | 6282174 | 0.110 |
66 | 4039669 | 0.105 |
136 | 9931000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 2972185 | 28 |
0.130 | 4624584 | 42 |
0.135 | 3955066 | 40 |
0.140 | 2968363 | 38 |
0.145 | 1633253 | 27 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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