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clock Created with Sketch. 25/07/18
10:37
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Originally posted by dmaivn
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I have to admit that it makes no sense to see this stock dropped sharply in 7 of the trading days recently below the 1.05 share offer to reatail investors. The question is who dold the shares? ASX shorts list does not even show AC8. So, the shorts have got out. Big investors bought in at 1.10 so they won't sell for a loss right after buying the shares! The company is small so there is no point shaking the trees to make retail investors falling out to scoop the shares up. The only thing I can think of is the day traders and momentum buyers getting hurt by margin calls as they borrow money to buy stocks. Could this explain the selling to .95 from 1.3? over only a little over 2 weeks? There is no pump and dump! One would think that there will be rise and fall but this baby has been dropping up until yesterday for so many days in a row.
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im not saying it is worth it in this case but there are people who do sell placement shares and free ride the options until they are worth excising. 30 months to get back over 1.45 for free is pretty good risk/reward.
(20min delay)