here is another thought bubble. It doesn’t really cover what looked like the SP being manipulated down today but it may explain the big short position. What if a director or insto. Say had a huge number of shares in escrow and wanted to lock in profits at $21. They can’t sell because of the escrow but I believe they are allowed to instruct their broker to take a short position, effectively locking in the price.
this is more of a brain fart but I’ll throw it out there and see what you guys think.
$50 Party, page-220
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Last
36.5¢ |
Change
0.035(10.6%) |
Mkt cap ! $32.42M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 36.5¢ | 34.0¢ | $42.06K | 120.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 30740 | 2 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
36.0¢ |
Change
0.035 ( 6.79 %) |
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| Open | High | Low | Volume | ||
| 36.0¢ | 36.0¢ | 34.0¢ | 14368 | ||
| Last updated 15.39pm 03/06/2024 ? | |||||
| PPK (ASX) Chart |