Well, it doesn't seem to be a shorter. No shorts left in ARQ after Friday:-
http://www.asx.com.au/data/shortsell.txt
As sushi was pointing out for the first half of the year, the selling pressure was coming from lively shorting activity. Now, there's none left. [Some of them must have taken second-degree burns from $1.30 up.]
Therefore, it's logical that someone taking profits, not trying to suppress. If volume keeps running at 5m per day, they will have to be out before long.
where do they come from ... , page-4
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.8¢ | 14.5¢ | $14.50K | 99.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1828966 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 3419686 | 23 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |