I think they have been using short selling to force the share price down so they can buy shares cheaply with their other hand. In other words they are using related entities to sell on one hand and buy with the other. They can then return some of the bought shares to repay the lender.
Juggling the sells and buys using complex algorithmic trading they can always make money. I think of it as attaching a hose to the ASX and using it to pump money into their bank account.
- Forums
- ASX - By Stock
- Short data on WBT
I think they have been using short selling to force the share...
-
- There are more pages in this discussion • 663 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WBT (ASX) to my watchlist
|
|||||
Last
$2.05 |
Change
-0.090(4.21%) |
Mkt cap ! $387.2M |
Open | High | Low | Value | Volume |
$2.11 | $2.14 | $2.03 | $948.3K | 457.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 28125 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 4886 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27008 | 2.050 |
3 | 13995 | 2.040 |
1 | 11000 | 2.030 |
3 | 12636 | 2.020 |
1 | 2000 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 9333 | 1 |
2.140 | 29898 | 3 |
2.150 | 12345 | 2 |
2.160 | 12395 | 2 |
2.170 | 9759 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
WBT (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online