volume traded on ASX for me in Commsec shows 1.3 billion, same...

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9olives

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22/02/24

15:05

Post #: 72539119
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Originally posted by Silent-Bubbles ↑

Except for those who picked up the stock from Piedmont at 5.2 cents. How they doin .... Imagine thinking you've got the deal of the century at almost 19% discount to last traded and then being under water once you've taken your stock. Can't see how this benefits anyone really. Except maybe Piedmont who have just bolstered their cash position by circa A$60 million. Lets see how much they have to give back to the venture eh ?

And even the shorts who have had their short position ' called ' after the 70 plus increase in one week. Are we talking the shorts who entered after or during the rise , the ones who were ' marginally ' short near the bottom ( so not much return there ), or the ' long ' shorts who had kept their positions intact all the way down to the lows and then slowly tried to close.

So what , they get the stock at 5.2 and cross it against their margin call. Who's then buying the stock now with obviously the owner of the stock selling into the market to reduce exposure. .

Either way , another close to 300 million of stock on the ASX has been sold and bought with another 150 odd million on Cboe. That's after the 2 x 500 million pre-market trades this morning.

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volume traded on ASX for me in Commsec shows 1.3 billion, same here on hotcopper

edit: nvm I see my mistake, you are correct

Last edited by 9olives: 22/02/24

SYA Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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