BIN 0.00% $3.44 bingo industries limited

The 'shorters' have been chipping away at the BIN share price...

  1. 4,856 Posts.
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    The 'shorters' have been chipping away at the BIN share price for some time ..........10.36% or 67,706,605 as at 07/10/19.
    The CLOSE today @ $2.16c. was subtle.....but not insignificant.......a SIMULTANEOUS close below 2 very relevant TREND lines and the HORIZONTAL SUPPORT line......ALL  @ $2.17c. .......and let's not forget the 200 day ema....which today IS @ $2.18c.
    The BIN full of money (left) set aside for the buy back, when taken into context, ain't a lot to counter a concerted 'short assault'.
    Just my take.
    Cheers.
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