Great article on Short Selling in The Age newspaper today for those interested:
https://www.theage.com.au/business/markets/caught-in-a-bear-trap-how-short-and-distort-attacks-are-costing-australian-investors-billions-20201204-p56ksl.html
Very good article. Shows what Poly and many others are competing against. A short paragraph from it:I quote:
"But a new, more aggressive form of short-selling has emerged in recent years that critics say is damaging market integrity by exploiting weaknesses in Australian regulation.Dubbed the “short and distort” gang, a group of largely foreign-based research houses issue highly damaging reports, designed to cause maximum damage to the companies they target.The reports are typically released just before – or during – ASX trading hours and are promoted via social media including on Twitter and YouTube to inflict maximum damage. They are also amplified by leaks to traditional media outlets. An initial report is often followed up with another report, to continue to put downward pressure on the share price."
This is really serious business.
Cheers
PS: If article does not open try cut and paste. Unless you are a subscriber you may not be able to open it, sorry. It is too large to copy to here.
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23 | 58878 | 2.240 |
15 | 136189 | 2.230 |
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12 | 37167 | 2.210 |
Price($) | Vol. | No. |
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