Yep, I agree - it's a big problem on the ASX. You see it often...

Yep, I agree - it's a big problem on the ASX.

You see it often when a company gets into the ASX300 or ASX200.

Theoretically, I don't have a problem with shorting - but the way much of it is executed is pure manipulation. It's the reverse of a pump when the market is bullish. As soon as a company makes the milestone and shares are available via the index funds, the big quant funds with vast amounts of capital blanket short the stocks with decent market caps, no revenue, and require future capital. It's a strategy that works well in moments like now when the market is soft, and there is a lack of buyers generally. They then chase the momentum down, manipulate the SP using algorithms, and recycle the spread with weaker bids and heavier offers. Other funds get wise and take a bet also.

The fundamentals are strong at A4N, so if you're long, it's an opportunity to take advantage of if you are able. It's always worth taking a few off the table, and a free-carry strategy makes sense to me.

The company are aware of what is happening - and I know there is news flow coming, so hopefully, the shorters get burned.

Good luck all.