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23.0¢ paradigm biopharmaceuticals limited..

WTF- what's with the share price movement, page-65

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09/08/22

15:16

Post #: 63012520
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Originally posted by Denial: ↑

"......I'm not yet sure if the current SP action is short sellers closing out their positions or funds buying in on anticipation of good DMOAD results."

ASIC Short Report (net shorts) 3 Aug data suggests there was no covering, in fact slight increase of 113k to 8.46M (3.71%) despite the 1.67M shares traded. I noted at the time and late in the session was the increased size of sell lots, which may have resulted in this slight increase in the net short position as they attempted to create a line of defense.

We'll get 4 Aug data tomorrow, which again was on higher volume 1.61M (which is 2.86x YTD average vol).

Also of note was the period between 7 March and 21 March. Short covering from 10.85M short (4.77%) to 6.33M short (2.78%) - lead to only small incremental price increase. It appears the 5M traded on 18/3 gave them the opportunity to exit without too much damage inflicted.

I'm now increasingly suspicious of (which we've flagged to ASIC) the potential 'washing' going by these long short funds to extract themselves from oversized and now losing positions.

Alternatively our new CEO has immediately attracted some big fish onto the register.

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My bet is the latter.

PAR Price at posting: $2.07 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.0¢		Change -0.005(2.13%)		Mkt cap ! $80.45M

Open	High	Low	Value	Volume
23.5¢	24.0¢	23.0¢	$63.43K	270.4K

Buyers (Bids)

No.	Vol.	Price($)
10	213534	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	76890	2

View Market Depth

No.	Vol.	Price($)
9	201534	0.230
10	115252	0.225
11	96477	0.220
3	47958	0.215
6	85461	0.210

Price($)	Vol.	No.
0.235	76890	2
0.240	703	1
0.245	59096	2
0.250	63573	3
0.255	29564	3

Last trade - 16.10pm 05/09/2024 (20 minute delay)

PAR (ASX) Chart