wtf is going on, page-102

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19/12/19

18:16

Post #: 42056940
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Originally posted by ceviche: ↑

I just received this from a well known market guru " this year it has become obvious (very obvious) that foreign shorters have come to Australia with the intention of punishing expensive looking share prices. With fund managers absent in local tech stocks, their only adversaries are retail investors. Not an even balanced contest. Victims include Wisetech Global, Appen, Nearmap, Jumbo Interactive and no doubt countless more...."

The shorters trick is whenever there is a gap in the market put in a downtick sell which sets a lower last price which the bots follow (the dumb ones anyway). In some markets there is an automatic close-down on a 10% drop for the rest of the day but not here. ASIC are asleep. ASX likes it, more fees. Some brokers feed it agreeing net zero trades at successively lower prices, which gives them a buy opportunity eventually.

The only defence is to keep filling any gap. But you have to be a bot to do that. Maybe Rennie and Fullerton can sit down a clerk and have them buy 10 shares once a minute if there is a gap.
You could write to your local MP/Senator and ask them to ask for the Senate Regulatory committee enquiry to expand their terms of reference to include shorting and market manipulation.

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I think shorts get blamed too easily. Shorting a biotech with good promise would be madness. Recent short interest was insignificant at 0.3%: https://www.shortman.com.au/stock?q=par

PAR Price at posting: $3.00 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 21.0¢		Change 0.010(5.00%)		Mkt cap ! $73.48M

Open	High	Low	Value	Volume
22.5¢	23.5¢	20.0¢	$1.067M	4.986M

Buyers (Bids)

No.	Vol.	Price($)
1	1519	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	59999	2

View Market Depth

No.	Vol.	Price($)
1	1519	0.205
17	434882	0.200
14	495525	0.195
16	241210	0.190
8	85500	0.185

Price($)	Vol.	No.
0.210	59999	2
0.220	19692	3
0.225	250000	1
0.230	284296	4
0.235	27334	2

Last trade - 16.10pm 31/10/2024 (20 minute delay)

PAR (ASX) Chart

wtf is going on, page-102

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wtf is going on, page-102

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