Some of Friday's extra buying might simply be some large shorts...

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Rooster100

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09/09/18

13:10

Post #: 35482465
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Originally posted by jojosydney ↑

Hey Kikker,

This it the result of having shorters around who work in wolf packs and go together for the kill.
The kill was this time our Lithium miners , so the game needs to be set up proper for the best results.
Use the multi media to spread negative rumours about Lithium, like being in over supply and the like.
Then have your borrowed shares and start killing the share price.
Mostly hedge funds and big institutions are the culprits and do not forget our big banks who desperately need new avenues to make back the money what they have stolen from all those who had their super accounts with them.
The stock market is an open playing field for them with, hardly any form of scrutiny by ASIC or the likes.
Todays stock market rules where made by the big players who wanted their alogritms, bot trading, the option to trade one share at the time with no minimal parcels ect.
This is just what you need when you want to short a stock as these are the tools that can bring share prices down at little cost and create panick among holders to sell.
The one share at the time sell can keep share prices from moving up in a very sophisticated way and vice versa.
And if you work in a pack it becomes even easier as the retail holders panick and sell their shares and create hereby even more panick.
Now the shorters seem to have achieved what they wanted and made a motza and be not surprised that your bank is one of them.
It was very clear what happened here this was an orchestrated sell down of KDR, PLS and GXY no ASIC inside to put the brakes on the selling.
But watch them coming back when the share price go up again, ASIC is due for the next royal commission but that would just be a dream.

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Some of Friday's extra buying might simply be some large shorts profit taking. Seems like about the right levels and if they were large players that might explain why several stocks got a buying kick at the same time. ASX nett shorts figures on Thursday for Fridays trading might give a clue, but like a few here I remain cautious and watchful for Monday and next weeks trading because potentially plenty more games to come...

PLS Price at posting: 77.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last $3.00		Change -0.020(0.66%)		Mkt cap ! $9.030B

Open	High	Low	Value	Volume
$3.02	$3.04	$2.98	$40.14M	13.33M

Buyers (Bids)

No.	Vol.	Price($)
17	110363	$3.00

Sellers (Offers)

Price($)	Vol.	No.
$3.01	14732	4

View Market Depth

No.	Vol.	Price($)
17	110363	3.000
24	182683	2.990
60	720256	2.980
23	148300	2.970
33	164459	2.960

Price($)	Vol.	No.
3.010	14732	4
3.020	153469	10
3.030	100786	5
3.040	113166	11
3.050	86986	13

Last trade - 16.10pm 16/07/2024 (20 minute delay)

PLS (ASX) Chart

Some of Friday's extra buying might simply be some large shorts...

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Some of Friday's extra buying might simply be some large shorts...

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