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toss31

560 Posts.

118

04/08/19

10:57

Post #: 39848956
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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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Sorry Spid, I was not thinking much. Pls ignore my post.

FGR Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $37.57M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	2299	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	90931	2

View Market Depth

No.	Vol.	Price($)
1	2299	0.057
1	136254	0.055
2	1044396	0.054
2	194299	0.053
3	362000	0.052

Price($)	Vol.	No.
0.057	90931	2
0.059	99695	1
0.060	404140	4
0.062	167512	3
0.063	25000	1

Last trade - 08.19am 30/05/2024 (20 minute delay)

FGR (ASX) Chart

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