I bet they are happy with things going to their plan.
They lend their shares to their mates - and tell them that the target SP is 30c - and tell them to promote this narrative. (Now their new target is 10c or 15c).
Their mates sold at 40, 38, 36 etc driving the price down, and also promoted this story on hc and received a fee.
Eventually the instos accumulate more at the lower price, knowing that when the shorts need to be settled the SP will go back up.
The % of shorts is increasing, and at the same time the % held by instos is increasing. So the losers must be the retail SH who sell while this is going on.
Early this year user3 was asked to explain how he arrived at this 30c forecast. He did not give a rational explanation. No other chartist predicted it. Instead of being a genius I suspect he got told to say that by the instos.
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Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 70001 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 120769 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 70001 | 0.100 |
1 | 5300 | 0.099 |
1 | 1 | 0.097 |
3 | 1301 | 0.096 |
3 | 20894 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 120769 | 2 |
0.089 | 7539 | 2 |
0.091 | 567 | 1 |
0.092 | 16500 | 2 |
0.093 | 123026 | 7 |
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