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19.0¢ carnarvon energy limited

Short and Distort, page-3

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JustCroozin

865 Posts.

336

07/12/20

10:57

Post #: 49387434
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Originally posted by occam: ↑

There is an excellent article in the SMH regarding a relatively new tactic that is becoming rampant in Australia ,....Short and Distort , which is costing investors huge amounts of money.
My view is that it is obvious that the ASX is either asleep at the wheel or doesn’t really care. It is has been obvious to many investors that Shorters have woken up to the fact that they can manipulate the price down by selling small numbers of shares at critical times and push the price down.
It is time that the ASX restricted shorting to major corporations and not small resource companies that are easy to manipulate.

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I strongly suspect that the ASX only cares about maximising income. Fair trading would mean no HFT, uniform minimum trades and no exchange linked trading.

CVN Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $339.6M

Open	High	Low	Value	Volume
19.0¢	19.5¢	19.0¢	$1.126M	5.885M

Buyers (Bids)

No.	Vol.	Price($)
14	1157782	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	1419072	8

View Market Depth

No.	Vol.	Price($)
14	1157782	0.190
26	1288276	0.185
19	1395016	0.180
7	757857	0.175
4	1290000	0.170

Price($)	Vol.	No.
0.195	1419072	8
0.200	1667072	31
0.205	1166897	16
0.210	1170000	11
0.215	480003	6

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 19.3¢			Change 0.005 ( 2.67 %)
Open	High		Low	Volume
19.0¢	19.3¢		19.0¢	976318
Last updated 15.59pm 06/05/2024 ?

CVN (ASX) Chart

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