Australia's largest stock trading and investment forum Australia's #1 stock forum

STX

Click for more information

1.19%

21.3¢ strike energy limited

shorts, page-685

First 685 Last

Share
Profile

Follow
church70

381 Posts.

78

20/10/23

11:50

Post #: 70446376
Share

Originally posted by invertedva: ↑

Most of that isn't 'short-selling' in the traditional sense, I believe. Rather it is stock lent between related entities to fuel bot activity.
After seeing Morgan Stanley take a 5% stake in TPD, and HSBC acquiring >8% since the beginning of the year, you'd have to be naive not to think STX isn't being manipulated.
After all, what 'traditional' short seller would choose to short-sell a stock that, in this period, is transitioning from explorer to producer (a major milestone for any O&G company) and converting a huge amount of resources to 2P reserves.
There was similar suspicious trading in the lead up to the WGO takeover, where major announcements were made but the share price didn't respond.
My gut tells me that whoever is behind it all will show their hand soon. After all they've been cranking their machine as hard as they can, and have struggled to get it below 40 cents. They may decide this is as low as they can get it before making their move.

Expand

The difference with the WGO manipulation in my opinion invertedva,when the takeover activity action kicked off the wgo board instantly capitulated, not likely to happen with the STX board!

STX Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

AX8

Accelerate finds 1.28% lithium at Prinsep in WA, including 150m 'halo' zone

VMM

Virdis Mining flags breakthrough with 76% neodymium and praseodymium recoveries

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

There are more pages in this discussion • 276 more messages in this thread...

First 685 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 21.3¢		Change 0.003(1.19%)		Mkt cap ! $607.9M

Open	High	Low	Value	Volume
21.0¢	21.3¢	21.0¢	$215.7K	1.022M

Buyers (Bids)

No.	Vol.	Price($)
83	3497626	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	1742243	53

View Market Depth

No.	Vol.	Price($)
83	3586689	0.210
36	1656424	0.205
71	3767477	0.200
29	2068056	0.195
31	859654	0.190

Price($)	Vol.	No.
0.215	1745143	53
0.220	3928769	26
0.225	810755	7
0.230	518871	15
0.235	1052469	10

Last trade - 12.12pm 17/07/2024 (20 minute delay)

STX (ASX) Chart