Purely due to the fact that most shareholders do not have a clue of the fundamentals of a stock and therefore believe that there must be a reason if the share price falls. So what happens? People keep on selling and the shorters make money. They do it to make money. the same reason I will never sell this - not for 10 years at least - to make money. the difference is that they and most people want to make money today - I don't need the money today or anytime soon so I can ignore this junk. If all shareholders were like me, there would be no market for shorters in a quality stock such as PDN.
Purely due to the fact that most shareholders do not have a clue...
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Last
$12.40 |
Change
-0.160(1.27%) |
Mkt cap ! $3.701B | |||
| Open | High | Low | Value | Volume |
| $12.50 | $12.54 | $12.15 | $33.45M | 2.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6658 | $12.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.40 | 290182 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |