So when the market ended the Shorter was sitting with 100,000 share on bid below the market at 0.55. Small trades were done at 56 cents and then an offering of 350 shares came in at 57 cents. This cleared quickly leaving an offer at 58 cents. This is where the Shorter puts in stock for sale at 56 or 55 and crosses the trade is my guess.
This is where I like to pick up my cheap stock.
Whoever the Shorter is the ASIC should get them but in the meantime it represents little but nonetheless cheap way to buy RCE.
If you have a view or have been seeing this Short trading at the end of each trading session I am keen to hear your thoughts. It should NOT be happening to our stock BUT in the meantime, until the ASIC decides to look at it, it is time to top up.
Cheers
NiceIdea
RCE Price at posting:
57.3¢ 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)