Dropped again on 15th by a million or so.
Should be a large decrease Friday with rebalancing?
Im not an expert on short trading by any stretch, so to those better informed:
a) is it common practice for a (large) short holder to keep the price as low as possible while they exit? There still seems to be someone either selling out at these prices or price manipulation while shorts exit?
b) By what mechanism would they be able to achieve this?
c) assuming MCQ is our short holder (majority) and they are getting out, is there any interest for them keeping the price low if they can just pay TW instead of buying back and returning? Only thing i can think of is that they might be taking a long position at this price and are keeping price low while they swap their shorts to longs?
Any input would be appreciated.
Cheers,
Dropped again on 15th by a million or so.Should be a large...
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Last
8.6¢ |
Change
-0.006(6.52%) |
Mkt cap ! $83M | |||
| Open | High | Low | Value | Volume |
| 8.9¢ | 8.9¢ | 8.5¢ | $61.29K | 712.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 111889 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 7500 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
8.7¢ |
Change
-0.006 ( 2.35 %) |
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| Open | High | Low | Volume | ||
| 8.7¢ | 8.8¢ | 8.5¢ | 354826 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| BET (ASX) Chart |