Warning - personal conspiracy theory (take it with a pinch of salt)
- Shorting was used to bring the share price down to an attractive level for a raise - job well done.
- The share price is now attractive for a raise - smart money moves in.
- Shorts get bought back, elevating the share price in the process - smart money sells into this share price increase and makes very attractive returns.
- News enters and then fuels further price action as the short selling pressure is release.
Only a theory.
Once the dust settles, I am most certainly looking forward to seeing the company progress to new heights - mining is around the corner!
Best to focus on where we are going.
Ann: Trading Halt, page-293
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.5¢ | $797.4K | 49.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2397883 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2031381 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |