It may not bother some but all this manipulating and shorting bothers me.
For the first 10 working days of this month the average percentage of shorting volume on a daily basis is around 16%. There was a daily low on the 3rd 0f 2.8% but a high of 39% on the 1st. So what this means is that every day an average of 16% of the volume of shares transacted are shorts. From a closing high of 2.62 on the 1st and the price now at posting is 2.42.
Whilst I like the company and have been with it 5 years I am fed up with all the manipulation, shorting and can't wait to get out when and if the SP recovers. Nowadays it is not a real market like it used to be over 10 years ago when it was just supply and demand that reigned, we now have to put up with Bots and algorithms
which we cannot compete with. There is no longer a level playing field.
Each day I watch helplessly as the SP is forced down relentlessly. I used to have a portfolio of 16 companies but now only hold 2.
It will be soon time to finish.
Sorry if this seems like sour grapes. Look forward to any comments.
Geraldo
ORE Price at posting:
$2.41 Sentiment: Hold Disclosure: Held
