shorters reading this thread thinking, who will we buy from if no one wants to sell their shares.
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There are 16.5m here locked away ...5.5m MEP ditto.
Shorters have put themselves in a dangerous situation imo. Greed overtook them. Price retreated about 60% & they held on as selling volume dried up. Imo they need either a collapsing Dow or bad news from ADN. Both are imo unlikely in the next month.
Anyone here tried to buy quantity in a rising market? It's no fun jumping over other increasingly FOMO buyer's.
Shorters are around 35m.
Looking at the buying depth down to 16....& then looking at the selling depth - it certainly seems a classic squeeze is increasingly likely as June DFS approaches & then BOA.
shorters reading this thread thinking, who will we buy from if...
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $35.44K | 2.173M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3954705 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2209314 | 6 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| ADN (ASX) Chart |