DNA 0.00% 3.9¢ donaco international limited

It is impossible to figure out what gives with DNA. There is a...

  1. 1,909 Posts.
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    It is impossible to figure out what gives with DNA. There is a history of the rallies being shorted going back to the time that DNA started falling following the peak in March this year. If one looks at the timing of the short selling peaks they coincide with the various failed rallies which occurred during the period since then. It possibility remains that the shorting acitivity hasn't gone away at all and DNA is still being strategiccally shorted with the odd lull which we have mistaken for bullishness.

    There has been accumulation going on regularly as well. Hence it is hard to figure out what really is happening. I hope there is a typical late rally but this is a pretty solid bout of selling. I half expected some opportunistic selling today although I thought that the bounce might have bought in some buyers too.

    An interesting afternoon awaits......
 
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Last trade - 16.12pm 24/07/2024 (20 minute delay) ?
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