wow, stepped away and can't believe the escalation of chatter on this stock.
The shorters identified a legitimate weakness imho. high % retailers long and quite a few new entrants.
These shorters hunt in packs and its not about the SP its about the RoR on margin shorting, easy to make 100/200/1000%.
Ive played that game before, but without spruking it like these guys do.
What you do not want to happen is for them to BURN the shareholder base and the stock can become toxic with twisters galore turning the stock to try and make money back.
Once emotion takes over, bad decisions usually follow.
My advice, manage your risk and concentrate on other stocks for a while until this settles down.
Quite a few others at play and up as much as ADN is down today. DYOR.
This stock is a buy on dips, im watchinbg and waiting.
ADN CHART, page-4425
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $13.76K | 1.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 17425801 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 16335345 | 19 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |