Ubs has been playing this pathetic short selling game on gem for more than 2 years and is well known on the asx for its heavy handed shorting activity. When gem got dumped with the recent reporting my first thought was that it was mainly due to ubs and some retail minions were short selling. The wild gyration and rise after shorts are covered suggests so. Certainly anyone actually reading the results and past info (eg, new govt regs on staff ratios) wouldn't be causing this.
Sure, I benefited by increasing the holding by about 20% yesterday, but the asx would be healthier without these short selling whales.
Ann: Change in substantial holding-GEM.AX, page-5
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Last
$1.28 |
Change
-0.020(1.54%) |
Mkt cap ! $1.032B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.26 | $1.105M | 868.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5151 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 1112 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| GEM (ASX) Chart |