This forum reminds me of a montage of a combination of Shakespearean tragedies and a really bad day time soap opera. At this stage , I'm not sure which is the prevailing overture. Either Way , it's bound to inspire some heavy laughter at BOD level with all the armchair wannabees ( US ) telling them how to run the Company.I do agree though some serious tricks are being played here by some. Deflections .....call it what you will. But why would anyone think that by putting their orders on screen to sell in a ' fake ' sense would actually think it gives rise to a lessening in the shorts.It doesn't work that way , and I've been in this business for more than 40 years and spoken to many experts in this area. That is a complete furphy and utter nonsense.Sure if you have Sayona held on Margin with the entity who also has your HIN , then there is a case that LVR's under pressure force you to top up funding levels or SELL some of your stock. So in effect this is a form of ' Short ' pressure where in house algo's can be used against leverage stock holdings. But that is as far as you can really draw the bow in my opinion.And after all , Sayona with most lending facilities would have to be attracting at least 65 -75 LVR for clients holding.So all these shenanigans about putting your stock up for sale to avert the lending out of it is a total joke. And all it would do in my opinion is highlight and bring attention to perhaps some of the Authorities ( ASIC comes to mind ) , that indeed those attempting to create this FALSE market could in some ways be considered tantamount to a desperate act that a short seller might do to invoke fear into the market with the misrepresented and excessive stock overhang.Remember a ' Short ' seller who is making money regularly is as only as good if they are in and out seamlessly and regularly , and their ability to move the stock in BOTH directions.But what happens when you did your hole too deep ......and can't get out..... So I find it interesting to see that following my obvious gesture ( tongue in cheek really ) about 45,000 times GENUINE 20,000 BUY orders entered at 17 cents would be what really puts the wind up the short .....then becomes almost instantaneously hijacked into a select few flipping the strategy and putting their ' Show & Tell ' large parcels in the screens to sell.Were they worried ...., or something more. Because I just find that really weird. Because they have NO control unless the common reader and investor gives it to them. By giving them this perception of them ' saving the day ' by their contrived antics and comments. But , I actually find it more revealing about what they might be up to behind it all. Very odd urn of events on the forum I would say.Either way , you must see that they have to create this ' Illusion ' if you like that they are the saviors and when the stock turns as it envitaly will , they have created or at least contributed to the creation of the euphoria necessary to then build the demand once they are finished making money to the downside.So why the fear that walls would be genuinely created at 17.0 .... Well that's easy ... because if GENUINE people were willing to top up at 17.before they can.....ie it creates contestability against them so hey do' want that ...so they put their orders on the sll to try and manipulate.Just a theory . But I'll leave you with some of my favorite Shakespearean quotes from' General Chang ' ...., and how it might just come back to bite them in the backside . Because " Its gotta have a tail pipe " right .....
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3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $380.8M |
Open | High | Low | Value | Volume |
3.5¢ | 3.7¢ | 3.4¢ | $948.7K | 26.49M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 6185241 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 22101548 | 101 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 6200856 | 0.036 |
18 | 2874293 | 0.035 |
30 | 8613378 | 0.034 |
25 | 9942602 | 0.033 |
44 | 16380805 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 22102048 | 101 |
0.038 | 12390743 | 50 |
0.039 | 8116246 | 24 |
0.040 | 8312545 | 37 |
0.041 | 5856847 | 11 |
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