The sale of a single share complements short selling. The price is pushed down every day despite whatever progress the company is making. Maybe the lack of buyers is due to an awareness that it doesn't matter how good the company might be, the share price will continue to fall due to these single share downticks. The short sellers won't even have to buy on market to cover - there is bound to be a complicit fund out there that will cover outstanding short positions (an agreement between mates).
The best strategy for retail holders is to keep buying shares every day as the price gets down-ticked ever lower. Buy the shares that the institutions are trying to manipulate out of non-institutional holders who are so stupid as to think the ASX is a fair, orderly and transparent market.
The sale of a single share complements short selling. The price...
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Last
$1.33 |
Change
-0.020(1.48%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.35 | $1.32 | $443.8K | 333.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28792 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 1914 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |