The easiest way to prove that wrong is by explaining how shorting works.
So a broker/insto shorts pushing the price down while accumulating a negative holding.
Then cover at a lower SP to make a profit on the decline.
They can use that profit to buy shares thus accumulated shares while the SP has declined.
https://www.shortman.com.au/stock?q=rac
Look at the 3 year chart and 8/12/21 in particular ... that was the $3 SPP The shorting continued on and off until it settled down around mid May 2022 when the SP settled around the $1.70 mark.
There appear to be a cumulative 270,000 shares shorted then covered over this period ... not much on the scale of things and certainly not significant compared with BG's selling but they (M?) will likely have made good money.
... waiting for the FOMO!
- Forums
- ASX - By Stock
- RAC
- Ann: Race releases complete cardio-protection data & video
Ann: Race releases complete cardio-protection data & video, page-119
-
-
- There are more pages in this discussion • 118 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.78 |
Change
-0.040(2.20%) |
Mkt cap ! $302.5M |
Open | High | Low | Value | Volume |
$1.81 | $1.82 | $1.76 | $132.8K | 74.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4000 | 1.755 |
3 | 12714 | 1.750 |
1 | 3000 | 1.740 |
1 | 1405 | 1.720 |
4 | 25414 | 1.700 |
Price($) | Vol. | No. |
---|---|---|
1.780 | 3781 | 1 |
1.830 | 7500 | 1 |
1.840 | 1000 | 1 |
1.850 | 5222 | 1 |
1.880 | 2351 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |