I was of the opinion Chicky the instos mainly loan out the stock. Could be wrong and probably am. I would also like to know if this is fact.
Reported shorts as at 21st was 5.7 mill. It was over 12 mill before they reported so looks like there is a push to cover before the AGM
The way this company's SP is manipulated gives me the you know whats.
Everyday when the powers to be switch their automated trading systems a large order is placed lower than the first 10 rows so there's no chance of execution and no chance the average punter sees it on his screen.
Creates the image people are running for the door when in actual fact (IMHO) it's a very well executed system to close out the current short positions without moving the SP to high to do so.
That's my theory.
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1 | 9432 | 0.740 |
1 | 1000 | 0.730 |
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Price($) | Vol. | No. |
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