I wonder whether or not there could be some shorting just directed to this easy price manipulation - when it reaches around 38c sell short for a few days, buy back lower (eg,30c to 33c) and then let the natural price rise again. It is a common shorting process since ASIC decided to allow price manipulation by the big boys without penalty.
I know shorting has bee reducing on PLS but this practice only needs a few days and not a huge lot of selling, just enough to trigger a market already suspicious of the raised price.
PLS chart, page-219
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |