Mayo
I don’t normally call people out on HC and indeed I don’t post much in general. But I have to say I am tired of people blaming short sellers for falling share prices. I have never short sold a stock and never will. However I am so exasperated with posters saying that short selling of itself drives a share price down. It simply does not. If you say “shorts control the price action” then you you must explain how this is so.
I do think the sell off is out of proportion given the fundamentals but it is still Commodities 101. A fall in the price of the end product means a fall in the SP. Simples.
Pick out any stock on HC with a falling share price and you will find posters barking at the moon and blaming shorters.
Good News & Bad News, page-33701
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Last
$3.01 |
Change
0.050(1.69%) |
Mkt cap ! $9.059B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.04 | $2.96 | $47.61M | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 168080 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 137639 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |