Hi Eagle888: Re December 2011 selling. I think I wrote a post about this activity when it was occurring. Unfortunately, I cannot get a history of the PRRO options trading in December 2011. What I can remember is that a BOT or other trading platform was buying the options and then immediately selling them as PRR shares 5 - 10 seconds later.
I assume this would fall into the category of short selling, as they were selling shares that they actually, technically never had the paperwork for.
This resulted in a flurry of selling of the PRR shares (via the buying of the PRRO options). The PRR & PRRO couldn’t keep up and a half cent profit was occurring on each sell.
The selling activity, I think, spooked investors, and more shares were then sold.
I don't think we will see the same activity over December this year. (well....I hope not). I think the PRRO/PRR buy/sell activity contributed to the fall of the PRR SP share price at the time. And as Botkiller points out, it only takes one share to lower the PRR SP.
GLTA
- Forums
- ASX - By Stock
- prr positives & negatives
Hi Eagle888: Re December 2011 selling. I think I wrote a post...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $537.4M |
Open | High | Low | Value | Volume |
37.0¢ | 38.3¢ | 36.5¢ | $1.060M | 2.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 48648 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 13814 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 48648 | 0.365 |
7 | 164694 | 0.360 |
4 | 31498 | 0.355 |
7 | 161310 | 0.350 |
3 | 12221 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 13814 | 2 |
0.375 | 175836 | 7 |
0.380 | 137322 | 5 |
0.385 | 53062 | 4 |
0.390 | 197301 | 5 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online