Gungadunnni - Do the bots and short sellers mean anything to the long term value investors ?
Hint - It depends
It depends on who is using the bots and for what purpose.
Are the bots there merely to facilitate a successfull short trade for some entity(s)? Preying on the easily manipulated amx stock.
Are they actively accumulating for a substantial shareholder wishing to average down ,knowing that there is a larger sized seller present ?
Is it accumulating on behalf of a suitor , hiding behind one of the holding co's ? Building a large enough stake to throw its weight into a low ball offer ?
So then what happens and when? --> that all depends on which of the above is the correct scenario.
And what about this --> If any company that viewed the data liked what they saw , and were going to place a bid back at 70c , you can't tell me that they wouldn't now be buying "on market" at this level. Why wouldn't they ? Buying here could save them tens of millions down the track, when they put together an successful bid close to the $2 mark.
Thoughts Gunga ?
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AMX
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20.5¢

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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $19.47M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.5¢ | $11.00K | 52.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32552 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 23683 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32552 | 0.205 |
3 | 252485 | 0.200 |
1 | 100000 | 0.190 |
2 | 8333 | 0.180 |
2 | 8294 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 23683 | 1 |
0.230 | 12000 | 1 |
0.240 | 3670 | 1 |
0.250 | 5419 | 2 |
0.265 | 4791 | 1 |
Last trade - 14.54pm 24/06/2025 (20 minute delay) ? |
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AMX (ASX) Chart |