let me give you a little insight into how shorting works with the bigger guys (including soph's)
I don't believe they're churning amongst themselves, it'll be a wasted exercise not to mention you're losing money with each churn.
So they'll open a short position based on their own theory (ie. LKE is overvalued), and they just wait for bad news to drop which was inevitable
When bad news drops, the volume goes through the roof and voila, liquidity appears out of no where allowing everyone to close shorts (and re-open if they so wish). They are waiting for existing holders to become disillusioned and sell
Case in point, look at the volume surge (circled in yellow) when DD released the new timeline and capex blow out
People that closed and re-opened positions are now waiting for the next set of bad news (might be a CR, another Lilac dispute, Argentinian civil war etc etc)
and the cycle will keep repeating
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $64.23M |
Open | High | Low | Value | Volume |
4.0¢ | 4.1¢ | 3.8¢ | $230.1K | 5.879M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 4289511 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 160348 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 4289511 | 0.038 |
29 | 2802808 | 0.037 |
25 | 1850530 | 0.036 |
30 | 3837186 | 0.035 |
6 | 643852 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 160348 | 3 |
0.040 | 773696 | 12 |
0.041 | 662845 | 7 |
0.042 | 687425 | 8 |
0.043 | 478131 | 4 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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