Watching from afar (not a holder, and not keen on LKE but fascinated with the shorters' tactics). This is the classic littering of low sells to try and spook the market. They appeared after market close, and they're the same tactics I saw the other morning before opening after the halt on LKE. It failed 100%
The intent: To make everyone re-consider their buys, and cut them down to below $0.65c
The outcome : Nobody takes note, and the sells all get gobbled up in the first 12 seconds of trade tomorrow - bargain!, and at the panicked shorter's expense. Naturally I'd expect a significant cool-off tomorrow, but not $0.65c at open.
Very costly exercise which appears to show a lot of desperation. There's literally ~1.3m units for sale under the price to try and spook people into selling cheap. Someone has a lot of skin in the game, and they're willing to pay a lot to try and spook the market.
Fun to watch shorters suffer.
Watching from afar (not a holder, and not keen on LKE but...
-
- There are more pages in this discussion • 1,004 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $66.52M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 3.9¢ | $753.4K | 18.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 731925 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 760271 | 12 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LKE (ASX) Chart |