I have noticed that the published short sell list http://www.asx.com.au/data/shortsell.txt
for BMN has increased shorted volume. For technical traders/investors this is a perfect scenario for making money on the down side becase the SS creates a spiralling effect. However as this is an artificial reflection on the actual fundamentals that were announced earlier on the JORC resource, would the SP rout be considered as investors fleeing a sinking ship? Could we draw parallels to ABC or CNP or AFG where short selling were adding to the SP rout?
I hold the view that fundamentally there is nothing wrong with the company. It is the outside forces that are at play for instances, short sellers, Savanna, world recession fears, $AUD sinking against USD$, bear run at present, and a host of other inter-related reasons. Not to mention stop losses being triggered as the SP weakens!
For the brave, this is a buying opportunity imo.
- Forums
- ASX - By Stock
- BMN
- short sell or negative sentimen
short sell or negative sentimen
-
-
- There are more pages in this discussion • 11 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 BMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.95 |
Change
0.090(3.15%) |
Mkt cap ! $526.9M |
Open | High | Low | Value | Volume |
$2.98 | $3.03 | $2.94 | $1.499M | 505.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1610 | $2.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.95 | 5480 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.900 |
1 | 11000 | 2.880 |
1 | 5000 | 2.850 |
1 | 250 | 2.840 |
1 | 5000 | 2.830 |
Price($) | Vol. | No. |
---|---|---|
3.010 | 8343 | 1 |
3.020 | 10026 | 3 |
3.030 | 4106 | 1 |
3.070 | 3773 | 1 |
3.080 | 3000 | 1 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
BMN (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online