I was going to write something similar, but thought better of it. there's a lot of emotion in this group. The distinction here should be between short selling (which is legal) and short-distort (which is not). I am no expert, but the accusation seems to be that GS is manipulating the market to the benefit of the short-seller. It's a fine line. I believe it's not illegal to short-sell a stock and express a negative opinion about that stock, but when that involves spreading falsehoods with the intent of manipulating the stock, you've stepped over the line. You can be sure GS have had their legal experts review any comments they've made to be consistent with the law. According to their analysis, CXO is overvalued (compared to others) and foresee a drop of lithium prices on the horizon, hence the short. I think it would be difficult to prosecute that they are deliberately manipulating the market (even if that is their intention). Totally agree with the sentiment, if you buy and hold, the true value will come through in the long term, only effects the traders. Also offers a great opportunity to top up immediately before production.
- Forums
- ASX - By Stock
- Add $2.50 for the theft
I was going to write something similar, but thought better of...
- There are more pages in this discussion • 96 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 CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $309.8M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 13.5¢ | $921.1K | 6.548M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1199370 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 3025488 | 52 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1199370 | 0.140 |
135 | 5938353 | 0.135 |
90 | 3758342 | 0.130 |
36 | 1413638 | 0.125 |
60 | 1750858 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 2850487 | 51 |
0.150 | 3306573 | 75 |
0.155 | 2530243 | 46 |
0.160 | 2467056 | 39 |
0.165 | 1324644 | 37 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
|
|||||
Last
14.3¢ |
  |
Change
0.005 ( 2.74 %) |
|||
Open | High | Low | Volume | ||
13.8¢ | 14.5¢ | 13.5¢ | 3031105 | ||
Last updated 15.59pm 09/05/2024 ? |
Featured News
CXO (ASX) Chart |