Guys hold your nerve - this is exactly how the shorters often like to finish a campaign - by pressuring the predicted equity raise to ensure low uptake of entitlements, thereby resulting in the underwriter ending up with stock which they will then seek to clear ... and guess who will be putting their hands up to take it off their hands and thereby not have to close out a chunk of their short position on market.
This is their ideal smokescreen to help with their short covering at the end of a successful campaign. Watch how the share price miraculously begins to recover as soon as the Rights Issue closes.
Don't fall for their s$%# manipulation - make a call on the Rights Issue on its merits, not on current SP - as it is being heavily manipulated and stage managed at the moment.
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Guys hold your nerve - this is exactly how the shorters often...
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $541.2M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.5¢ | $64.82K | 313.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 337756 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 402349 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 312575 | 0.205 |
24 | 1117024 | 0.200 |
6 | 168015 | 0.195 |
6 | 253278 | 0.190 |
1 | 76452 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 401462 | 7 |
0.215 | 673735 | 6 |
0.220 | 253995 | 3 |
0.225 | 993463 | 8 |
0.230 | 341660 | 9 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
COE (ASX) Chart |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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