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BoA didn't take profit on selling physical shares as their...

  1. 8horse
    34,333 Posts.
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    14/07/16
    13:03
    Post #: 18268759
    BoA didn't take profit on selling physical shares as their average cost is about 93c according to the ASX sub-holder notice. But they are likely to make a killer on shorting 1PG. That's probably one of reasons price has been pushing down as open shorts were still about 4.8m as at 7 July 2016.

    Price down so quickly, also triggered lots of stop loss and panic selling.
    We had a similar situation when trading at 40c.
    1PG Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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