"its all about making money.
who cares what way it is up or down, go with it. and dont complain.
the markets always right."
Nope - don't agree at all. Firstly, while it is the conventional wisdom that "the market is always right" - it clearly ISN'T at the moment. It is irrational, and panic driven. Companies are being manipulated WAY outside their range of true value, particularly by shorters.
The problem is - some of us CAN'T "go with it" as you say. For those of us investing or trading through our super funds, we can't short-sell. There is a provision for a limited use of CFDs (mainly the ASX mini CFDs) in a super fund, but full-on short selling is not allowed.
Your attitude is, unfortunately, fairly typical of the Wall St "Greed Is Good" attitude. The rampant short-selling is making victims of those who CAN'T short sell. That's one of the ways in which the short-sellers succeed - they create panic and fear and cause otherwise rational people to sell out in a panic because the price is relentlessly dropping. Not to mention raiding all the auto-stoplosses.
PDN is another one that has been targeted heavily today - shorted since about mid-day. The bargain hunters - usually the same funds who have been shorting - will be moving in on LGL and PDN any time now.
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LGL
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6.06%
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$1.75

"its all about making money.who cares what way it is up or down,...
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Last
$1.75 |
Change
0.100(6.06%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.75 | $88.21K | 50.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 530 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 311 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 530 | 1.650 |
1 | 100000 | 1.515 |
1 | 393 | 1.500 |
1 | 447 | 1.120 |
1 | 3000 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.780 | 311 | 1 |
1.790 | 11331 | 1 |
1.800 | 1880 | 1 |
1.950 | 4485 | 2 |
2.170 | 4321 | 1 |
Last trade - 15.49pm 24/06/2025 (20 minute delay) ? |
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LGL (ASX) Chart |