The relevant question and topic is: Who is buying?
With 56 m shares changing hands you'd have to say instos primarily.
Who then is selling? This is a different argument as there is probably not the same amount of shares sold.
Enter the hedge fund industry who are likely to have borrowed millions of shares from instos for a fee and interest and sold them on market in the last two days.
Eventually they will have to buy them back at a lower price either when tanking is done or a hapless company has to do a CR. They then return them to the insto they borrowed from.
Insto holders make a profit on the fee and interest while still holding the shares, Hedgies take more risk but can make squillions. Retail holders get shafted as usual.
Wonderful system!
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The relevant question and topic is: Who is buying?With 56 m...
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Last
20.3¢ |
Change
-0.003(1.22%) |
Mkt cap ! $586.4M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.0¢ | $492.8K | 2.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
126 | 5242866 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 968476 | 68 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
127 | 5290720 | 0.200 |
44 | 1899943 | 0.195 |
46 | 2163862 | 0.190 |
18 | 717875 | 0.185 |
19 | 675542 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 983881 | 67 |
0.210 | 1253699 | 25 |
0.215 | 938300 | 13 |
0.220 | 3248083 | 18 |
0.225 | 641223 | 9 |
Last trade - 13.01pm 23/07/2024 (20 minute delay) ? |
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