BGL 2.49% $1.37 bellevue gold limited

BGL - Share Price forecast and results, page-249

  1. 710 Posts.
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    The organized and programmed shorting is a little complex but in summary:
    • Financial institutions/traders/shit heads 'rent' a parcel of shares from say a large fund,
    • Computerized trading then will dribble small volumes (down to one at a time) of these shares into the market which, especially when news is scarce, has the effect of depressing prices, (check sales volumes for a shorted stock during a day and the number of small parcels is mind boggling)
    • A judgement is made to halt and short sold shares (and possibly more) are purchased when 'normal' forces come into play and the price rises.
    • A profit is made in this process and the 'rented' shares are returned to the owner.
    My belief is that the practice should be banned because of its rigged nature of market manipulation.
    The large funds don't mind lending their shares because they profit with zero risk.
 
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Last
$1.37
Change
-0.035(2.49%)
Mkt cap ! $1.752B
Open High Low Value Volume
$1.42 $1.43 $1.37 $9.449M 6.791M

Buyers (Bids)

No. Vol. Price($)
6 62949 $1.37
 

Sellers (Offers)

Price($) Vol. No.
$1.38 62250 3
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
BGL (ASX) Chart
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