"Sometimes the analysis isn’t all that deep for traders that have seen this story before. One hedge fund said it shorted the shares purely because the company was buying adverts on Twitter – a surefire indication of an egregiously promoted stock."
From a June 2022 AFR piece on Lake Resources. One example of many I've seen where institutional money take cues from social media promotions. Here's another, also on Lake, but which broadly applies to the sector:
Ownership Matters also called out the issue of options to research firms and brokers Red Cloud, Cannacord Genuity, Roth Capital and Lodge Partners, all of which have penned favourable notes about Lake Resources that have been promoted on social media.“There’s an asymmetry between a retail investor and an institutional investor in the small-cap space,” Mr Paatsch said. “No institution would ever place any value in those paid-for brochures - none whatsoever.”
- Forums
- ASX - By Stock
- GLN
- General Discussion Banter GLN
General Discussion Banter GLN, page-11966
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.0¢ |
Change
-0.010(6.25%) |
Mkt cap ! $111.1M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.0¢ | $107.2K | 695.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 942058 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 328219 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 822458 | 0.150 |
24 | 1275634 | 0.145 |
21 | 1500551 | 0.140 |
12 | 1077406 | 0.135 |
11 | 1654192 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 317979 | 13 |
0.160 | 378607 | 12 |
0.165 | 587969 | 13 |
0.170 | 390307 | 8 |
0.175 | 191676 | 5 |
Last trade - 11.23am 18/11/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online