This is how the market works. When you take the profit and sell...

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fei911

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03/11/22

12:56

Post #: 64568260
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Originally posted by HongKongPhooey: ↑

im no pro, but would this trend indicate its shorters controlling the SP?

Thinking about it logically, if their job is to borrow shares and sell em high, then buy back again lower to take a profit.... then wouldn't they be doing most of their selling on news and good market sentiment, then buying back again when the market is having a bad day? Just like that 100k buy order sitting there at 0.68c?

THis would essentially form a reverse on the market trend for the stock?

Clearly im no pro, jsut looking at how things might make the SP behave as it does.

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This is how the market works. When you take the profit and sell your shares, you would become shorter too at that moment.

AXE Price at posting: 68.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 28.0¢		Change 0.000(0.00%)		Mkt cap ! $71.35M

Open	High	Low	Value	Volume
28.0¢	29.0¢	28.0¢	$15.15K	54.02K

Buyers (Bids)

No.	Vol.	Price($)
3	143461	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
29.0¢	14176	7

View Market Depth

No.	Vol.	Price($)
7	33281	0.280
3	143461	0.275
4	143411	0.270
6	148225	0.265
9	254306	0.260

Price($)	Vol.	No.
0.290	1225	2
0.295	59405	3
0.300	38647	2
0.310	48177	5
0.315	52767	2

Last trade - 10.02am 31/07/2025 (20 minute delay)

AXE (ASX) Chart

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