Hands up if you love HC for unfettered debate !!
I think shorting is fine for coys with +$5b market cap.
Why protect sub $5b coys from shorting? Basically, the impacts can be disastrous for fledgling entities in relation to the cost of funding and disastrous for the country if those fledgling coys are in key industries.
The psychology of the downside is different to the upside and in my opinion easier to manipulate (on the downside), accordingly shorting was banned during the GFC.
If there's no harm in shorting why was the practice promptly banned when there was a fear of a run on the banks??
In the BRU example, the shorting of the past 12 months really stinks essentially because during an inevitable and necessary consolidation period (which involved less incidences of rock star announcements) a sham TO claim was made, necessitating a lengthy investigation, after which the coy wound up totally exonerated?? I can't fathom how such a vexatious claim can be made with out a right of recourse.
In any case, this was heaven for the shorters which makes me think there's more to it. One day I'm gonna get around to sussing the potential for a class action (no litigation research performed to date so totally talking out my XXXX). You're on notice fraudulent shorters (with no offence intended to legitimate shorters).
It's a dumb country which allows shorting of sub $5b company's and equally its a dumb country that allows a community stakeholder (such as KRED) the opportunity to throw mud in the hope that some sticks without fear of material recourse.
Cheers Bruthers.
JC
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Hands up if you love HC for unfettered debate !!I think shorting...
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Last
4.5¢ |
Change
-0.003(6.25%) |
Mkt cap ! $34.84M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.4¢ | $9.974K | 221.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 460977 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 190244 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 460977 | 0.045 |
1 | 10000 | 0.044 |
4 | 316870 | 0.043 |
3 | 341450 | 0.042 |
2 | 110000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 190244 | 2 |
0.049 | 90000 | 3 |
0.050 | 60000 | 1 |
0.051 | 10000 | 1 |
0.052 | 175950 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
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BRU (ASX) Chart |