"Madam....What do you think about the MASSIVE NUMBER of shares that have recently been unloaded on the Market and the SP has been able to hold its level ....."
Correct me if I'm wrong, but I assume that the MASSIVE NUMBER of shares that have been recently been unloaded on the market" you're referring to shares from the sale of the Teva stake.
What I think about that is that some notifications from an investment bank with a prominent prime brokerage business indicate to me that short positions have been covered, meaning that whoever has profited handsomely by being short MSB stock didn't even have to worry about covering their share positions by having to purchase stock on-market.
As for the share price "holding its level", I think you and I must be looking at two totally different share price charts.
How to deal with short sellers, page-9
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Last
$1.02 |
Change
0.015(1.49%) |
Mkt cap ! $1.164B | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.04 | 94.0¢ | $11.76M | 11.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 206912 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 37637 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |