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13.5¢ fluence corporation limited

Hi ywtoh, stop loss "fishing" happens quite often...

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elleburra

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22/02/19

08:03

Post #: 37525310
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Originally posted by ywtoh: ↑

Hi EB,

I am not saying this is the case here.

But in overseas markets where I have traded, my experience has been that some brokers knock the prices down, hoping that lower prices would trigger margin calls. Margin calls are triggered, when shares that have been pledged to broking houses, require the borrower (pledger of shares) to top up their loans when the collateral levels are breeched. If the margin call is not answered, the broking house will force sell the shares. Happens quite frequently in the markets in HK and other Asian countries.

I don't know whether shares in FLC have been pledged or not. just my 2cts worth.

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Hi ywtoh,
stop loss "fishing" happens quite often here as well particularly with CFDs, many times the broker even knows the stop loss level already
as the client has nominated (and paid a surcharge for) a stop loss level with the broker when initiating the trade.
Money for jam for the broker.

regards, EB

FLC Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.5¢		Change -0.005(3.57%)		Mkt cap ! $145.2M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.5¢	$50.49K	367.6K

Buyers (Bids)

No.	Vol.	Price($)
2	227108	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	23335	2

View Market Depth

No.	Vol.	Price($)
1	50000	0.135
4	141474	0.130
2	114000	0.125
2	75000	0.120
3	105000	0.110

Price($)	Vol.	No.
0.140	23335	2
0.145	98984	3
0.150	413360	5
0.155	54849	2
0.160	120940	3

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 14.0¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
13.5¢	14.0¢		13.5¢	96141
Last updated 13.47pm 16/05/2024 ?

FLC (ASX) Chart