Australia's largest stock trading and investment forum Australia's #1 stock forum

PET

Click for more information

0.00%

2.5¢ phoslock environmental technologies limited

I realize it is a per annum rate. As I said in my initial post I...

First 192 Last

Share
Profile

Follow
Dazedandconfused

7,594 Posts.

2098

17/10/19

19:22

Post #: 40938908
Share

Originally posted by McQuade ↑

The reason shorts increased at that time is that insider selling is a classic red flag used by traders. It unfortunately is often highly correlated with subsequent share price performance.
I have no problem with directors selling but they need to be ethical about it. They may be completely innocent but in hindsight this looks dodgy.

Lending rates can blow out on the odd occasion, usually over the short term only. 18% is per annum, so the shorter will try to undo the borrow asap when availability improves.

Don’t believe hearsay. Don’t believe me. Find out by ringing a stock lender like UBS and asking.

Expand

I realize it is a per annum rate. As I said in my initial post I have a high regard for this management... I don't for one moment think there is anything dodgy coming from them.

This is the chart showing the record for shorting PET over the last 3 years. Puts a bit of perspective on what we are seeing at the moment.

PET Price at posting: 98.0¢ Sentiment: None Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

PNN

Power gets set for 1000-metre maiden drilling program in Brazil

US election outcomes: Key economic and market takeaways

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

First 192 Last

Add PET (ASX) to my watchlist