the price moved from $11.50 to $10.50 in one day!!!
either there is something going on that the whole market doesnt know about or some hedge funds are taking a massive punt on this.
maybe some margins triggered but thay would have ben yesterday, todays effort is really amazing. 2 stocks in my portfolio today went below their March lows (BNB & CEU). these are two of the cheapest stocks around at these levels but for some reason they are getting hammered again.
when i checked the short lists both arent that short, i think the ASX needs to tighten this up so the market knows the true short position. its like trying to fight with one hand tied behind your back the way these hedge funds can get away with shorting and not disclosing it.
if it is shorters doing this, when they start closing out we know whats gona happen, yep 20% in two days.
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overdone or still more to come, page-41
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