As I've said before and I'll say it again.
Due to the huge market cap on 88E, the shear amount of shorts tradable for such a small priced stock makes capping (or even manipulating) very cheap for experienced traders.
If there is an uptrend, you'll be watching those shorters buy out of their positions real quick.
Actually to come to think of it, maybe thats why people keep repeating/ assuming it'll fall you an old supp/resistance line in the mid to low 3's.
Just want to point out that there is potentially up to 18,000,000 shorts held (due to shortman.com being delayed by a few days, can't determine if those shorts have been sold or still being held held).
To put it into perspective, for every 0.001, thats $18,000 gain/loss per pip on thsoe shorts, and if they bought at the current price around 5cents, thats $900,000 worth of shorts.
Please be aware that this is delayed chart by several days.
As I've said before and I'll say it again.Due to the huge market...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $78.15K | 38.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 120098264 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 583908266 | 234 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |