LPD Chart, page-24

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Trees

43,674 Posts.

92

03/12/17

10:28

Post #: 29324864
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Originally posted by Naughtpatjoe ↑

Hi Surfarosa, and fellow charties, and fundamentalists:
I like most people with an interest in shares will refer to a chart to assess trend of shares, however as to charts predicting future direction it's fundamentals that are most significant. LPD fits this model I believe, the fundamentals are good, as many, including yourself, Welshie54, VMP etal demonstrate every day in this forum.

So to my point; I was amazed at the 'Big the Dump' that occurred in the last half hour to 40 mins of trade on Friday afternoon prior to close of trade. About 40mill shares were traded, most of those in the range of 0.071 to 0.074. Then in those last minutes of trade something happened.

A further volume hit the market, approximately 13 mill shares were added to the already trade 40 mill. the price came off 5 points (1/2cent) to 0.068. It's a while since I've seen this magnitude in such a short time spell, 6.85% drop.

It strikes me as being a tactic used by 'Short Seller(s)' placing a sell orders to trigger a series of 'Stop Losses' be they automated or manual in order to panic and weaken the price, which they achieved successfully. The initiators would have used a fraction of this 13 mill in this time period as buyers would not have had time to react prior to close. It will be interesting to see on Monday's open if buy back to cover their short position.

It may not have been a 'Short' it could have been a long position where a fraction of the portfolio was used to scare the market in order to get lower price to top up their holdings after triggering 'Stop Losses' say at 0.07.

Anyway Monday is going to be interesting. 0.065 to 0.068 seems to bring in buyers.

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mm

LPD LEPIDICO

reported Gross
Short Sales (a)
ASX + CHI-X
122,500

Issued Capital
2,857,520,897

% Shorted
.00

source:
http://www.asx.com.au/data/shortsell.txt

Last edited by Trees: 03/12/17

LPD Price at posting: 6.8¢ Sentiment: None Disclosure: Unspecified
8 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change 0.001(25.0%)		Mkt cap ! $17.17M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$2.419K	1.208M

Buyers (Bids)

No.	Vol.	Price($)
155	151737996	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	95798612	49

View Market Depth

No.	Vol.	Price($)
156	152037996	0.002
47	181739247	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	95798612	49
0.004	34250390	38
0.005	11136545	11
0.006	9296154	15
0.007	4963896	6

Last trade - 11.10am 22/07/2024 (20 minute delay)

LPD (ASX) Chart

LPD Chart, page-24

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