A quick update on the RCE Shorter - Below you will see a typical set of algorithm-driven buys and sells set up by the Shorter to Short the RCE stock. With just 649 shares at 57 cents, you can take them out easily and then put in a small packet of stock at 55 cents or less and then cross the stock and pull the price down to a new low. This happens each day steadily taking the stock down a few cents each week. It takes very little to pick up the low-price stock at the end of the day for a discount to market but you have to be there just before closing.
It is so obvious this is happening that the ASIC should be alerted. In the meantime, I am a happy buyer at discount to market.
RCE Price at posting:
55.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)