I think number 2 sounds credible, assuming brokers/shorters don't have their exit plans in place in advance (i.e. through some sort of call option).
Another possibility, assuming Gina holds 4.9% (which seems veryh likely), is that she offloads small parts of her stake in the days following positive announcements. This move could stall any upward momentum and aid the short sellers, whose activities may serve her overall agenda. We've all seen the big on-market dumps in the hours and days after recent positive news in the last few months.
Of course, none of us know exactly what Gina's end goal is.
But having seen what transpired with the WGO takeover, if she wants to take over STX, she will use every semi-legal trick in the book. And her financial advisers will be smart enough to factor the index rebalancing currently taking place into their plans.
- Forums
- ASX - By Stock
- STX
- 80 00000 hole in STX gas tank
80 00000 hole in STX gas tank, page-94
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STX (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
-0.015(8.11%) |
Mkt cap ! $487.1M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 17.0¢ | $2.831M | 15.98M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 2006569 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 928738 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 1905569 | 0.170 |
26 | 2259279 | 0.165 |
41 | 2073246 | 0.160 |
14 | 865543 | 0.155 |
29 | 608569 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 928738 | 7 |
0.180 | 757669 | 8 |
0.185 | 258888 | 4 |
0.190 | 1230676 | 7 |
0.195 | 1127755 | 4 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |