Hi all Weebitters...............just my take on the situation. Bit long but stick with me - Your choice.
Briefly. I will put myself in the 'shoes' of say a Fund Manager any F/M-no names etc. These statements I make are not proven facts nor actual actions.
Just my take on things as I see it, - an opinion etc- and in layman's terms:-
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1-I see an opportunity, from my experience (limited or not)
2-This stock is not all together controlled by -small shareholders and I believe it can be -moved down as well as up
also past stock movement can be 'made' as these shareholders (not all LTH) can be spooked (human nature) ! I have seen it before
3-Just now it has risen on 'no new announcements of -'actual use' as before.
4-OK I am going to sell them - and I do not own any- so Short'em - and a reasonable quantity. I see $$$$$$$$ here
5-Smaller retail shareholders do not have the firepower - nor guts to keep price rising. A great opportunity for me.And news well ?
6- OK I short now --------quietly over time -as I can
7- Knowing that if I do some marketing on this action -with my background, that will come to show -
8-I arrange an interview with a TV "Market Presenter'
9-I place my case on TV and basing it on MC (big) No income (yet- research er ?) Lots of promises by BoD but I wont mention who they are or their track
record-just nothing coming (Yes I know keep on this - no anns. ) Product proven - (maybe I keep away from that but it is 'new' -) just talk on what
negatives I can see and obvious to the 'Plebs' . (The 'red flag story- most only know of the 'bull theory-wrong 100%)
10- I think I am on a possible winner here ------------------sell high and buy back in.
11- Danger - yeah but I may get some cover - 'call or straddle options ' buy at price and you know etc etc I cover my backside.
12- Lets put into place. I know if it works there will be others come out of the woodwork to help my plan. Done it before.
13 - Action Lights Camera. Bingo.
14 -In come the sideliners - the other (new word) -Feed er on ers ---------many-a fools paradise?
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My acting role gone now.
Is it legal ? Seems to be - Is it ethical. -possibly in the minds of those who practice it- In the minds of ordinary shareholder - possibly not.
I have always believed -selling something that you do not own-(or get, ) purely for the purpose of profit by deliberately (possibly why else buy?) reducing the price of something that others may rely upon ??? hmmmmmm
I believe 'Short Selling' came in years ago when some bright spark thought it a good idea (more $$ for the market operators) based on Funds Managers/Super Funds tying up large holdings of stock and never trading them. Allowed the Biggies to lend out at a cost....to free up 'stock'.
The rest is history. Thanks if you read.
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Last
$2.48 |
Change
0.000(0.00%) |
Mkt cap ! $468.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49 | $2.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.48 | 625 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 608 | 2.600 |
1 | 780 | 2.550 |
2 | 10775 | 2.540 |
1 | 975 | 2.530 |
2 | 5975 | 2.520 |
Price($) | Vol. | No. |
---|---|---|
2.480 | 625 | 3 |
2.510 | 115 | 1 |
2.540 | 395 | 2 |
2.550 | 10644 | 4 |
2.560 | 13569 | 4 |
Last trade - 10.06am 12/07/2024 (20 minute delay) ? |
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