The shorts don't care because they are being paid to manipulate this stock down to a low price in other to facilitate the takeover.
Now they will simply buy at market close to the takeover price. Cop a substantial loss, and then be paid for their work.
Same thing looks set to go down over at GXY.
- Forums
- ASX - By Stock
- BAL
- Short sellers definitely got burnt today
Short sellers definitely got burnt today, page-9
-
-
- There are more pages in this discussion • 12 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 BAL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online