Have to agree to disagree@HarryMosher.
Big players (very likely) had inside information.
They "Shorted" to express their trade idea or in this case, probably inside information.
Sector rolling over, big players possibly knew about Ganfeng selling before market was informed and also (probably) knew about credit raise.
Given the above, shorters didn't need to "attack" the share price.
It was already going down from natural sellers and likely to go down further once these 2 big news anns were announced to the public.
They made a bet on the above information as it's pretty much a "no brainer" trade if you were privy to that information before hand.
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Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $299.1M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $999.4K | 7.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 562495 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 1865586 | 24 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
14.3¢ |
Change
-0.005 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| 14.3¢ | 14.5¢ | 14.0¢ | 3627147 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| CXO (ASX) Chart |