A shorter is just someone that is committed to buying the stock in the future, that's not a bad thing. Its the ramping both up and down that's the issue.
is the strategy, using adn as an example, to find a company that you think you can ramp from 30c to 40c and then back to 30c.
you buy $100k worth at 30c and upramp to 40c and sell for $33k profit.
you then short borrow 1M shares, sell at 40c and start a down ramping campaign trying to drive back to 30c and cancel the short netting another $100k.
$133k profit in a few months for sitting on social media for a few hours a day.
I need to look closer into this.
General comments/chat, page-19083
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $52.87M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $42.43K | 2.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 13841086 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3115510 | 7 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
1.8¢ |
Change
-0.001 ( 1.74 %) |
||||
| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 2369413 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| ADN (ASX) Chart |
