I agree that shorting was done, not by instigation, but by...

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TwistedChippy

411 Posts.

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02/05/18

22:23

Post #: 32843134
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Originally posted by andy20020 ↑

Price action IMO - Must be shorting.

If there's a time lag in the short numbers it makes perfect sense ... if what people have written, the short numbers are four days delayed ... retail buyers don't know til end of the week and reluctant to buy Friday perhaps.

Presumably the brokers will know from trading screens, who's doing what and will probably jump on the band wagon to some extent.

Once they've pushed it down they are in profit so can take the risk to push it lower with profit behind them. When they start to see buying resistance they set the bots loose on the long side and try to manage covering ... they know 20c or thereabouts is resistance.

Volatility is the key ... if it's a pure emotion based sell-off by longs locking in profits ( or minimizing losses), rotating stock to an institutional buyer/s, we should see massive volume ... maybe near 20 million in the first hour.

That's the signal for me now ... whether it be tomorrow or Friday.

Watch volume not price if it keeps dropping.

I feel we're close to a bottom.

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I agree that shorting was done, not by instigation, but by taking advantage of the situation created as the price dropped.... the greater gain is to be had by a larger holding(over many nominee accounts?) for company(ies) looking for leverage in a JV/TO...I should imagine it would be easier to orchestrate too, how many shorters (and who’s conducting)could move that many shares?? How high is the risk reward ratio on a few pips??....

Do love good conspiracy thinking and discussion..

AVZ Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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