And one more thing, if anyone thinks this market forces at work...

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JLwithdraw.

11,672 Posts.

14/07/16

14:37

Post #: 18269810
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Originally posted by OllieB ↑

Can you please explain how someone lends out their stock and also shorts it?? Seriously!!

Plus while the ASX doesn't guarantee the short data it is considered high quality so dismissing it so as to fit the narrative you have created is only kidding yourself!!

Rather than all these conspiracy theories and stock manipulation theories, maybe 1PG was just very oversold and lots of people jumped on board expecting a technical bounce, which has now occurred and the stock is rolling again given no recent material change in the fundamentals.

In my view the only way it will bounce on a sustained basis is a tangible improvement in actual revenue and at some point earnings. There is no evidence of this as yet. Maybe the quarterly will give some comfort.

Buying or shorting 1PG is a punt/speculation and a hope trade at best.

My view is to avoid it, but if I had to go one way or another I would BUY because I think expectations are low, plenty of volume has gone through lower down (clearing out stale bulls) and it has plenty of cash (for now). A good quarterly will get a rocket under it. This is probably a 50% downside, 200% upside type punt over the next 6-12 months.

Good luck.

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And one more thing, if anyone thinks this market forces at work and stock exchanges around the world are legitimate platforms of commerce; YOU ARE DREAMING!

1PG Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
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And one more thing, if anyone thinks this market forces at work...

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