Baa_ Baa,
In reply to your question "how can the share price be falling when shorts are falling" can be explained below.
The answer can be found at Simply Wall Street, at a2m, section 9.1 heading "Insider Trading Volume". This heading shows insider trading
(our own shareholders) and over the last 3 months they have sold 27 million shares and bought 75 million shares. This includes our Morgan Stanleys of the world.
They are running terrific algo's (bots) to buy more shares than they sell and at the same time force the price down. So they are simply repositioning themselves on the share register at a lower cost. One way these bots work is to read the bid queue and on any sign of weakness in demand they dump their own shares (not short selling) and buy them back again. They try and stay under 5% ownership so we don't see any change in ownership notices.
Sometime the algos slip up and they transverse the 5% point and they have to report.
I suppose the good thing is they are buying A2m shares back again. which is a huge vote of confidence.
If there is a reasonable report they will probably pump this stock hard. They will want their profit on the way back up.
- Forums
- ASX - By Stock
- Chart Update
Baa_ Baa,In reply to your question "how can the share price be...
-
- There are more pages in this discussion • 8,830 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$6.91 |
Change
0.040(0.58%) |
Mkt cap ! $4.995B |
Open | High | Low | Value | Volume |
$6.87 | $6.94 | $6.82 | $13.46M | 1.954M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8562 | $6.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.92 | 3312 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 8562 | 6.870 |
1 | 5250 | 6.860 |
2 | 15431 | 6.850 |
1 | 4203 | 6.840 |
1 | 146 | 6.800 |
Price($) | Vol. | No. |
---|---|---|
6.920 | 3312 | 2 |
6.930 | 204 | 1 |
6.950 | 1200 | 2 |
6.970 | 3000 | 2 |
6.980 | 20006 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |