You seem to be “onto it”.
How else are the big boys going to get them cheap?
Or at least at a level they are comfortable with to turn a solid profit in the short to medium term.
Pretty sure those that are suspected to be “lending” shares were solid net buyers prior to the short increase/selling pressure.
Does the majority really just expect them to keep on buying all the way up to increase their holding in a future monster? Whilst giving power to the plentiful retail holdings that can flip that generated profit?
No they possibly devise/plan/pre-empt a way/scenario that benefits them the most, let the shorts push the sp down, create a bracket/band/margin (seemingly successful @1-1.30) and operate within, whilst picking them up at the lower of the bracket/band which is obviously around current levels.
Hence why the arse hasn’t completely fallen out of the sp considering the sustained pressure.
I think LTH’s, holders around these levels, those that are lower or even stuck higher should just take a step back and either consider joining them by taking advantage of the trade opportunities within created bracket/band or hang onto them and say “see you on the flip side MF’ers”……
*Not financial advice, just abit of observation and common sense…
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Last
9.5¢ |
Change
-0.010(9.52%) |
Mkt cap ! $203.0M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.4¢ | $1.496M | 15.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 828325 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.6¢ | 21244 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 382546 | 0.095 |
6 | 556506 | 0.094 |
13 | 846516 | 0.093 |
22 | 3200612 | 0.092 |
22 | 1418554 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.098 | 298750 | 3 |
0.099 | 63205 | 3 |
0.100 | 477759 | 9 |
0.105 | 2585430 | 30 |
0.110 | 1357015 | 34 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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