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1.75%

5.6¢ first graphene limited

Well for one thing you can't really rely on shortman for current...

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whytee

16,575 Posts.

2362

03/08/19

18:57

Post #: 39846157
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Originally posted by spid81 ↑

Hi Toss,

Can you please explain this to me, because it makes financial sense.

You believe someone has bought 400k FGR shares, with the aim to sell them next week to push the SP lower,

for every cent the SP drops, they will be losing $4k from their original $100k investment,

For this to be a viable option, the shorter would have to have a significant short already in place.
Looking at shortman, FGR has 0.02% of its shares currently being shorted,
459mil shares on issue x 0.02% short = 91k shares being shorted.

There isn't enough shares being shorted for this to be a viable option.

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Well for one thing you can't really rely on shortman for current positions because I think there is a delay of a few days for the published numbers...

FGR Price at posting: 25.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 5.6¢		Change -0.001(1.75%)		Mkt cap ! $36.91M

Open	High	Low	Value	Volume
5.7¢	5.7¢	5.5¢	$1.258K	22.78K

Buyers (Bids)

No.	Vol.	Price($)
1	116254	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	17147	1

View Market Depth

No.	Vol.	Price($)
1	116254	0.055
2	1044396	0.054
2	194299	0.053
3	362000	0.052
7	158075	0.051

Price($)	Vol.	No.
0.056	17147	1
0.057	88470	2
0.058	55000	1
0.059	99695	1
0.060	349140	3

Last trade - 15.56pm 30/05/2024 (20 minute delay)

FGR (ASX) Chart

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