STX 2.22% 23.0¢ strike energy limited

80 00000 hole in STX gas tank, page-50

  1. 2,182 Posts.
    lightbulb Created with Sketch. 164
    Thanks for the efforts of trying to explain the unusual trading pattern.
    I speak from the point of view of Ignorance.
    As I’m understanding matters we may be seeing an index 200 /MSCI being sold and moving onto an index 300.
    That could explain the relentless trading with the appearance of cross trading.
    The next question is how do the high level of shorts fit into this.
    Is the short position a hedging by the index or is it a share price manipulation by some entity wishing to drive down the price before launching a takeover.
    Or has that short position been partly exited.
    I suppose we find out soon enough by either considering Shortman or a substantial holding notice.
    The bots seem to always try to suppress the price. However, I would think that that is necessarily their setting. It would not look good to the index fund members if the bot trading on its behalf forced the price up rather than purchasing for the cheapest price possible.
    I wonder if we all should express capitulation in the hope that if there is an entity wanting to launch a takeover it now believes the time is right.

 
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Last
23.0¢
Change
0.005(2.22%)
Mkt cap ! $659.0M
Open High Low Value Volume
22.5¢ 23.5¢ 22.5¢ $1.742M 7.573M

Buyers (Bids)

No. Vol. Price($)
13 1201102 22.5¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 124339 7
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Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
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