What happened at 2.39pm?, page-132

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Plooto

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01/03/24

23:09

Post #: 72706405
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Originally posted by TheEndTimes: ↑

maybe it’s not mutually exclusive?
shorts have to cover at some point and I don’t think it’s a coincidence that short position reduces whilst the SP moves up.
funny how it’s only shorts covering that can make this move up with little to know other interest from anywhere whilst we listen to nonsense talk of a TO but that’s by the by.

but…

maybe Bob has played the old double agent spy card? maybe Bob knows what we know, that is no-one else is really interested in buying this basket case of a stock right now and the easiest way to reduce the WACC is convince the market a raise isn’t required because Traxy’s will come to the rescue thus tricking the shorters to cover.

shorters cover, making the price go north and THEN, in a stroke genius, Bob says thanks, might raise some cash here to keep the lights on at a higher price!

then all the muppet pumpers punch the air and high-five each other whilst singing songs of $1 Poochera parties because they finally won one against the shorters. They all hail Bob as a genius and the new messiah for beating the evil shorters. It’s like the end of Return of the Jedi where all the ewoks are dancing, singing and rejoicing…

…even though they still can’t get finance. and will get diluted again to keep the lights on.

BUT…they’re inventing really white zircon replacement toilets or something and that will DEFINITELY bring $100M

sooo………you know?

I imagine thats what’s happening.

Expand

short interest in adn was always minimal.
there's no action there.
Yeah, the mugs a few years back blamed it for their woes, but that was plainly not the reason.
These days, they are just a nothing spec looking to raise some coin.
which is exactly whete they always belonged

Last edited by Plooto: 01/03/24

ADN Price at posting: 2.8¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $71.53M

Open	High	Low	Value	Volume
2.2¢	2.4¢	2.1¢	$440.2K	19.15M

Buyers (Bids)

No.	Vol.	Price($)
2	174773	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	924651	8

View Market Depth

No.	Vol.	Price($)
2	174773	0.023
5	2617112	0.022
13	1770504	0.021
14	2090500	0.020
9	2775000	0.019

Price($)	Vol.	No.
0.024	924651	8
0.025	3674548	17
0.026	2482323	12
0.027	473000	6
0.028	850000	3

Last trade - 16.10pm 18/07/2024 (20 minute delay)

ADN (ASX) Chart

What happened at 2.39pm?, page-132

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What happened at 2.39pm?, page-132

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