Its how a shorting campaign works.They dig up anything and everything that may show the company in a negative light. After several days and hundreds of posts they believe it wears down weak handed retail holders and that they will give in and sell so they make a profit generally initiated off a weaker than expected earnings announcement.
There's no skill in it and if they choose the wrong company then it generally blows up their account and they vanish. Most of them have a couple of grand in short positions and believe it's big money, like the Dean. I think he said $1k from memory.
I watched this pull back from 91 cents to 37 cents previously and the same garbage appeared on here back then. It's temporary. As I said the other day, shorters being called in amplifies any major move up so I just wait them out and look forward to enjoying the next chapter. It excites me to think that the 110M shorts WILL need to close. If you are confident in your investment you will start to enjoy these times also.
Tick tock.....2023 yet??
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $371.1M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 71948 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 644737 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 61948 | 0.200 |
27 | 1584851 | 0.195 |
39 | 2156074 | 0.190 |
57 | 2111342 | 0.185 |
54 | 1788124 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 629069 | 14 |
0.210 | 653969 | 10 |
0.215 | 362171 | 9 |
0.220 | 888678 | 24 |
0.225 | 453731 | 11 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |