Australia's largest stock trading and investment forum Australia's #1 stock forum

CXO

0.00%

10.0¢ core lithium ltd

Banter and general comments, page-27307

First 27307 Last

Share
Profile

Follow
cophot

2,712 Posts.

372

11/06/23

16:53

Post #: 68238984
Share

Originally posted by mayo1975: ↑

There is no doubt that Shorts should be around. But at the same token there has to be a mechanism that works for everyone.

For example, during the recent banking crisis in US, the Shorts absolutely killed it, causing fear and panic across the board. At that point, in my opinion, to stop fear, and more fear, there should have been a temporary ban on shorting banks to resolve the crisis - yes you can argue that capital markets will be inefficient, but some times you need to do what you need to do.

If the hedge funds, can short big banks and bring them down, then imagine what they can do for companies worth billions- In the scheme of things that is peanuts for them, and this is what they are doing in the lithium sector. From PLS, AKE, MIN or CXO, SYA go check their top 20 shareholders out, and you will see none other then State Street (Who are actually a custodian service). I was checking out the BHP, S32, FMG register, and they are up there as substantial holders. Looks like they are targeting the whole material sector. Once upon a time they were targeting the whole travel sector.

Should there be a limit of shorts? Maybe? I don't know - but this feeding frenzy will go on and on - ASIC will never ban it for smaller companies or materials sector, because it does not go and shake confidence in the markets - but for big banks they may do so as required - and it has been done in the past.

My two cents!!!

Expand

Hi mayo1975

Then why are they not shorting all Lithium miners, like LRS who's shares have been steady and rising?

Last edited by cophot: 11/06/23

CXO Price at posting: $1.05 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The winners & losers on market if negative gearing were gone

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

There are more pages in this discussion • 11,990 more messages in this thread...

First 27307 Last

Add CXO (ASX) to my watchlist

(20min delay)
Last 10.0¢		Change 0.000(0.00%)		Mkt cap ! $214.3M

Open	High	Low	Value	Volume
10.0¢	11.0¢	10.0¢	$1.502M	14.37M

Buyers (Bids)

No.	Vol.	Price($)
78	5970714	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	250000	2

View Market Depth

No.	Vol.	Price($)
74	5900714	0.100
10	526569	0.099
11	408265	0.098
4	294509	0.097
5	1200005	0.096

Price($)	Vol.	No.
0.105	250000	2
0.110	8306193	109
0.115	3004884	45
0.120	2548891	33
0.125	1626049	29

Last trade - 16.10pm 27/09/2024 (20 minute delay)

CXO (ASX) Chart

Banter and general comments, page-27307

Zeta Resources seeks to resolve the Panoramic takeover story

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The winners & losers on market if negative gearing were gone

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Banter and general comments, page-27307

Top Stories

Zeta Resources seeks to resolve the Panoramic takeover story

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

The winners & losers on market if negative gearing were gone

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News