MAE 0.00% 0.0¢ marion energy limited

whats the g.o. here, page-11

  1. 1,451 Posts.
    what happened today was short term traders ending their positions. As you all will / should know after you buy shares it takes 3 days to settle after which the money is moved into your account.

    These traders buy and hold for up to 3 days in which they will have to sell or cough up the dough for the transaction. By buying and selling in that 3 day period they avoid having to outlay their own capital and simply bank the gain / loss on their bank account.

    Expect the annual financial report this week or early next and i think they will add more than usual info about the sale in the report.
 
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