BFC 33.3% 0.2¢ beston global food company limited

Is the negativity justified??

  1. 1,369 Posts.
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    http://www.shortman.com.au/stock?q=BFC

    Someone, maybe one of your fellow posters, is attempting to engineer a short position in BFC.... & likely a profitable exit by pushing the price down on relatively low volume.
    This shorting excursion only commenced around ~ Jan 19th (see monthly chart) and is relatively minor & stable at an aggregrated 0.28% of total shares on issue. The short sales took place at prices above 50 cents so the recent push below 50 will enable shares to be repurchased & a profit made.
    The drifting share price spurs uncertainty, the shorters friend. It is aimed at eroding BFC shareholder confidence, both harnessing int'l weakness & the short period ahead until the upcoming significant announcement.
    Given advantageous $AUD & evident building Asian demand for Australian produce (particularly at Chinese New Year) is any weakness in BFC warranted? Are we being manipulated by a few, without any basis?

    Raving
 
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Last
0.2¢
Change
-0.001(33.3%)
Mkt cap ! $3.994M
Open High Low Value Volume
0.3¢ 0.3¢ 0.2¢ $9.776K 3.358M

Buyers (Bids)

No. Vol. Price($)
18 25474330 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 12564984 8
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
BFC (ASX) Chart
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