You have to understand Mina that the short positions now constitute 5% of the stock and because of the lousy thinly traded NZ exchange they can set the price for the day. If you want it to change rattle the cages about collusion and insider trading.
What we are experiencing is what I saw with Fortescue. China is opaque nobody really knows what is happening with retail sales IF sales etc - we have no store sales data readily available - same with what was driving iron ore prices. The shorts use this opaqueness to sow fear about growth in the minds of investors, the only way in which this will stop is when A2's results are so outstanding they hit the anti-growth narrative out of the park. They only have to create doubt and they have the market to themselves.
Feelin Confident, page-180
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Last
$5.60 |
Change
0.070(1.27%) |
Mkt cap ! $4.054B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.64 | $5.54 | $7.447M | 1.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3244 | $5.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.61 | 2113 | 2 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |