An announcement at HY17 of a share re-purchase plan would be beneficial to SP. It would also help to counteract the shorts.
Being new to investing, I am amazed at the power of the shorters to influence SP movement, particularly in a given day. It appears they can borrow and return shares on the same day with ease for A2m. Last Friday is a case in point. Too easy for them. And I am conscious that was also in the face of pending good news expected by nearly all at HY17.
In NZ, where shorting is supposedly outlawed, I see an apparent trend to "inflate" (conspiracy theory?) the number of sellers in the market to influence SP movement. Again, using A2m and last Friday as an example, instead of a small parcel of say 10000 shares being posted as 1 seller, 17 sellers suddenly appeared at the same price. We are not talking odd lots of under 100 units, but parcels of odd numbers viz. 389, 908 etc. I bought some. Seemed strange.
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Last
$6.85 |
Change
0.000(0.00%) |
Mkt cap ! $4.952B |
Open | High | Low | Value | Volume |
$6.88 | $6.90 | $6.78 | $7.886M | 1.152M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9718 | $6.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.85 | 6515 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4129 | 6.830 |
3 | 7924 | 6.810 |
2 | 14641 | 6.800 |
3 | 12170 | 6.790 |
1 | 6370 | 6.780 |
Price($) | Vol. | No. |
---|---|---|
6.850 | 6515 | 3 |
6.860 | 8336 | 6 |
6.870 | 17258 | 4 |
6.880 | 7408 | 1 |
6.890 | 7000 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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A2M (ASX) Chart |