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94.0¢ australian strategic materials limited

How is the short position identified? If it exist then someone,...

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2,985 Posts.

207

01/11/21

16:06

Post #: 57235175
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Originally posted by Daubechies: ↑

I'm not convinced we're seeing daily pump and dumps. I think it's most likely it's an accumulation strategy with a targeted price range – buy what's on offer in the morning (when retail traders usually do their trading), then sell the price back down with thousands of tiny trades, many of which probably have the same party on both sides of the trade. Rinse and repeat the following day, changing the pattern once in a while to not make it so obvious and/or to discourage day traders. There's also 2m shorted shares, and I'm sure those who have taken significant short positions would love to see Van Eck's holdings hit the market (and so would anyone who is accumulating), and perhaps they are willing, and able, to actively push for this to happen. None of it really matters as far as ASM's fundamentals go, but seeing these sorts of games getting played can be a bit annoying at times. All IMO.

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How is the short position identified? If it exist then someone, or more than someone, believes there is substantial risk?
Can anyone suggest if the risk exists, and what it is?
R

ASM Price at posting: $10.93 Sentiment: None Disclosure: Held
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(20min delay)
Last 94.0¢		Change 0.070(8.05%)		Mkt cap ! $170.2M

Open	High	Low	Value	Volume
88.0¢	94.5¢	88.0¢	$301.7K	328.8K

Buyers (Bids)

No.	Vol.	Price($)
1	1000	93.0¢

Sellers (Offers)

Price($)	Vol.	No.
94.5¢	3999	1

View Market Depth

No.	Vol.	Price($)
1	1000	0.930
1	25596	0.920
2	5898	0.910
3	8940	0.900
1	3819	0.895

Price($)	Vol.	No.
0.945	3999	1
0.950	700	1
0.955	20000	1
0.960	25136	2
0.965	250	1

Last trade - 16.10pm 04/07/2024 (20 minute delay)

ASM (ASX) Chart