If the Shorters are removed OR suspended from trading then things may settle down, I have pasted the following l found that sums them up."Short selling provides liquidity"
That is a myth propagated by merchant banks andshort sellers. Yes, in a bull market short sellers add depth that enables largefund managers to purchase quantity. However, the large fund managers could alsoachieve these volumes through company placements; therefore the additionalliquidity in bull markets from short sellers is not necessary.
The short sellers worsen the lack of liquidityin bear markets and have an incentive to sell more to drive the market panics.During a normal market, the short sellers can act in unison with other shortsellers to target particular stocks (this is not necessary in bear markets).
They create fear by writing negative posts on hot copper and feeding tojournalists negative slants on the company.
During market panics short selling worsens thedown move. The create volatility when they buy back their short position.
During a normal market, short sellers targetcompanies having difficulties to trigger banking covenants or margin loans.Without the short selling pressure these companies may have survived.
Short selling is against our national interest.
That's it team PNV
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If the Shorters are removed OR suspended from trading then...
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Last
$2.05 |
Change
0.040(1.99%) |
Mkt cap ! $1.416B |
Open | High | Low | Value | Volume |
$2.00 | $2.08 | $1.99 | $2.210M | 1.081M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35040 | $2.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 34422 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 35040 | 2.040 |
1 | 5040 | 2.030 |
1 | 1005 | 1.990 |
1 | 7000 | 1.985 |
2 | 7614 | 1.970 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 34422 | 4 |
2.060 | 49684 | 1 |
2.070 | 15040 | 2 |
2.080 | 35440 | 3 |
2.090 | 28667 | 3 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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PNV (ASX) Chart |