BAS 0.00% 6.5¢ bass oil limited

yes had a good laugh at someone selling one share to...

  1. 171 Posts.
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    yes had a good laugh at someone selling one share to deliberately bring the price down - clearly hoping for some panic sells or to trigger stop losses. so far it seems it hasn't worked. No way in the world would a one share sell cause me to panic sell at 0.003.

    Regarding the amount of shares for sale at 0.004, there are two options aren't there?
    1. People sell already held heads to fund option conversions (a positive thing)
    2. People convert options and dump the heads they've just converted (not so positive).

    Isn't it more likely to be no. 1? As far as I can tell (and correct me if I"m wrong) there's no money to be made from dumping heads at 0.004 even if the options were bought at 0.001. If the strategy was to make money the better idea would have been to sell the options at 0.002. Or if the person just wants out and to break even, why bother filling in the form and converting the options - just sell them at 0.001.

    Someone in previous posts was getting really angry thinking that people were taking the second option, whereas it seems more logical that they're doing the first.
 
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