it's because fear is more powerful than greed, as seen by the shape of most equity charts, up by the stairs, down by the elevator.
This means that a small minority of shorters can then spread fearful negative rumours or engage in price manipulation to bring the price down and cause fear, which is a low act. most people don't like those who engage in low acts, not all however. To a lesser extent the same goes for ramping, but has much less of an effect on the price due to abovementioned fear/greed comparison.
yesterdays shortsell report, page-6
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Last
80.0¢ |
Change
-0.070(8.05%) |
Mkt cap ! $159.8M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 88.5¢ | 80.0¢ | $12.22K | 14.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5573 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 2295 | 1 |
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| Last trade - 15.21pm 08/07/2024 (20 minute delay) ? |
| RHK (ASX) Chart |