They are trying to push the price down so that people panic and sell. That way they can pick up BUB shares at a much lower price. Honestly who does trades for $25, $45, $55 dollars? The brokerage cost alone would be $9.95 minimum. ONLY SHORT SELLERS DO THIS.
Remember that the price shown for a share is the last sold price. So if you and I hold on tight (do not buy or sell) but someone keeps buying and selling small amounts at low prices, its the low prices that shows up on your commsec, nabtrade etc.
PRICE MANIPULATION people. That's whats happening. Its nothing new but good to be aware of.
Upcoming Q4 report expectations, page-258
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 (20min delay)
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $102.6K | 782.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 3506982 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 475879 | 6 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BUB (ASX) Chart |