MFG 3.02% $10.22 magellan financial group limited

Short covering in MFG coming?, page-12

  1. 687 Posts.
    If you're not in this stock why would you follow it so intensely? Looks like those shorters you mention (all 1% of them) are free to cover today. Then what will happen? Is this the only way you rely on the price to rise? You rely on the depth being pulled and manipulated beyond all belief, to force shorters to push the price higher?

    Wouldn't this create a situation of an artificially high share price? One would think this would encourage more sellers. It's only simple market mechanics.

    Black Swan tries to joke about there not being any buyers. Well, look at the depth. Only yesterday the price was entirely propped by 1 unit bids. Now look where it falls to. The platform I use shows all the raw data going through in real time, and I can confidently say without a doubt that this is being taken for a ride big time.

    Just remember, these rides are fun, but saying that "i'll never sell" is setting yourself up for centrelink in the future.
 
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