So making money when a share price drops .. would that mean you...

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PseudoEcho

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17/06/20

18:47

Post #: 45282367
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Originally posted by greenshoots11: ↑

you can make money if a share price drops.........in numerous ways. Including making bets with true believers. I am a holder again now I just don't change the sentiment each time I switch teams.

I am really into the stock, I could tell you a lot about it. I am surprised there hasn't been more discussion around the CR. trading halt on March 23. the absolute bottom of the market. if they had of waited a few days and halted during the huge swing up after the low, they could of raised their $169 mil for 20c not 9c. your 50c would be a market cap of 850mil and well within reach with some positive earnings guidance. but thats more like 32c now.

I cant work out who benefitted from that decision apart from the CEO who tripled his shares @9c. Oil Search was $1.80 on March 23 and went into a trading halt 9 trading days later at $2.70. All the businesses that halted and raised on that day have recovered slower than their peers who halted after a swing or two up, the result for SXL was 1about a billion more shares than needed to be issued to raise 169 million dollars.....that can never be undone

If the Dow finishes where the futures are now (500+) we might see 0.215 tomorrow....go SXL! Sorry, Thats going to make you grumpy isn't it.

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So making money when a share price drops .. would that mean you are in fact shorting the stock? That makes sense on why you are downramping.

SXL Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 52.8¢		Change -0.013(2.31%)		Mkt cap ! $127.1M

Open	High	Low	Value	Volume
53.0¢	53.5¢	52.5¢	$490.2K	925.1K

Buyers (Bids)

No.	Vol.	Price($)
5	16094	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	24487	10

View Market Depth

No.	Vol.	Price($)
5	16094	0.525
5	13736	0.520
2	5197	0.515
5	7826	0.510
1	4350	0.505

Price($)	Vol.	No.
0.530	24487	10
0.535	26915	10
0.540	61635	8
0.545	12642	4
0.550	63566	4

Last trade - 14.48pm 11/11/2024 (20 minute delay)

SXL (ASX) Chart

So making money when a share price drops .. would that mean you...

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