When the volume is not high as there are not many buyers, it does not take much to knock a stock way down and cause panic. And those who are over-extended would be knocked out either by stop-loss order or liquidation by the brokers ... There is a domino effect. The ASX short sell list shows
LYC LYNAS RARE EARTHS LIMITED FPO 2,543,941 905,072,810 .28
2.5 millions share were shorted yesterday. I think this was about 40% of the entire volume for the day.
The darkest hour..., page-46
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |