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0.93%

$3.19 boss energy ltd

Right commodity, right jurisdiction and right time. Long BOE!

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Higgo72

542 Posts.

37

14/06/24

08:31

Post #: 74308991
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Originally posted by DeepThinker: ↑

As I mentioned in a different thread I hold currently 4.5m BOE and I am playing with my hard earned personal money. I am not a fund manager just an average guy. Roughly I dropped $9m when the directors sold their shares. In spite of that I am still holding rock solid (I trade a few 100,000) because I believe in the company.
People need to look at the total picture. BOE closed at $5.36 on the night of the 27th May then after the announcement the next day they took a dive. If you look at the graph below the short sellers were buyers on the second day wanting to cover. When they realized how negative people reacted and figure they would jump on board and kick the shit out of the stock big time. They have sold 6.7m shares since the 27th May, their current exposer to BOE is 20.7m shares. If they have to get out at $6 as opposed to $4 they will lose $41m.
The long winded answer is they will be pushing the price up next so start buying before they do. It wasn't Duncan and his team that moved the price from $5.36 to $4 its was the short sellers and the sheep who followed.
Tony

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Right commodity, right jurisdiction and right time. Long BOE!

BOE Price at posting: $4.08 Sentiment: None Disclosure: Held
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(20min delay)
Last $3.19		Change -0.030(0.93%)		Mkt cap ! $1.306B

Open	High	Low	Value	Volume
$3.26	$3.28	$3.10	$8.567M	2.703M

Buyers (Bids)

No.	Vol.	Price($)
6	63626	$3.15

Sellers (Offers)

Price($)	Vol.	No.
$3.20	11590	3

View Market Depth

No.	Vol.	Price($)
6	63626	3.150
1	10314	3.140
5	47678	3.130
2	1444	3.110
10	24542	3.100

Price($)	Vol.	No.
3.200	11590	3
3.210	16064	2
3.220	18314	3
3.230	8600	2
3.240	6172	1

Last trade - 16.10pm 07/11/2024 (20 minute delay)

BOE (ASX) Chart