BB, on reflection given the reasons you outline you are probably right that it wasn't short selling. It will be very interesting to see who is the forced seller as it would probably have been a substantial holder.
On the immoral bit, I think short selling is a symptom of the 'cash at all costs' mentality that got the world into this credit bubble. It is legal but immoral, so I blame the pollies who allow it (it is not allowed in France for instance). I could go on forever about the arguments against it but it all boils down to short selling having no worthwhile purpose other than to make money for the short seller. This crap about liquidity and valuation don't hold water I am afraid.
any comments on announcements, page-37
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Last
$6.38 |
Change
-0.185(2.82%) |
Mkt cap ! $5.996B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.55 | $6.36 | $14.07M | 2.191M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 9049 | $6.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.38 | 30358 | 47 |
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| Last trade - 15.10pm 08/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |