Tudor explained that some of the supply (index/etf holders) lend out the shares so perhaps on May 31, they had to sell for the MSCI reblance & recall the shorted shares as they would no longer be the owners who give permission to borrow.
Then the next day June 1st, the share price got up to 55.5c and the entire day had 19M total shares traded. Perhaps the shorters were forced to hand back the shares on the 31st May but they are still not satisfied and want to short the stock some more. They would have had to borrow that 10M from another source and took the shares down that day from 55.5c to 50.5c. We are still around those levels 4 trading days later.
Are all instos in bed together and working as a cartel? Someone with deep pockets could easily push the price up here knowing that 10M shares are shorted between 55.5c & 50.5c. It's just one big boys club and they all talk & coordinate together. The only thing to take this share price up is for Larry to deliver profitably in the US and/or partner up and sell half (or all) of it.... and maybe even Pipeline Pete's new pipeline he was talking about on the Switzer vid lol
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Tudor explained that some of the supply (index/etf holders) lend...
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---|---|---|
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Price($) | Vol. | No. |
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1 | 217 | 2.350 |
3 | 82532 | 2.300 |
1 | 21927 | 2.280 |
3 | 13777 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 10648 | 2 |
2.140 | 9615 | 1 |
2.200 | 64000 | 1 |
2.210 | 6812 | 2 |
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