''It was just an easy target for institutions to bully it down, perfect storm of opportunity''
Let us not forget the fact that this was also made possible by the comments made by board members and the LDA deal which followed a few months later. LDA deal was inevitable, as the company needed cash to move forward. But any responsible board members, who have shareholders' interest at heart would not make any silly comments dissing the share price.
That particular commentator was trying to be either a ''hero'' or expected something to happen soon, which did not eventuate. Poor attitude imo.
The only shorters that would get burnt are the ones who open their shorts now, but as we know from the ASX data, only 10k or so shares were shorted the last day.
Shorters obviously play by the chart also, and possibly have an idea of what to expect in the revenue announcements.
Even if they start new positions, I'd assume it would be with strict risk management in place, so none of the shorters are going to get burnt imo, unless BRN announces something huge, and we know that is a long shot with BRN as evident from the nature of announcements so far.
So we wait for the financials.
- Forums
- ASX - By Stock
- BRN
- A new beginning?
A new beginning?, page-104
-
-
- There are more pages in this discussion • 68 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 BRN (ASX) to my watchlist
|
|||||
Last
19.8¢ |
Change
-0.018(8.14%) |
Mkt cap ! $392.4M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 19.5¢ | $3.183M | 15.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 891669 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1018644 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 968566 | 0.195 |
34 | 1193570 | 0.190 |
27 | 859227 | 0.185 |
40 | 1168856 | 0.180 |
42 | 1039318 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 995365 | 15 |
0.205 | 977358 | 10 |
0.210 | 596317 | 10 |
0.215 | 710781 | 14 |
0.220 | 547113 | 12 |
Last trade - 15.42pm 23/08/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online