So yesterday the share price went up 1 cent on a pretty average volume of trade as the shorters scrambled to get on board.
Remember shorters even on yesterday's exuberance still only represent 0.83% of all the issued capital.
So that is 99.17% of shareholders long and holding and 0.83% of shareholders that are short. You will find clowns all over stock markets that make their livings in grubby ways because they just think markets exist to be exploited, to find loopholes and schemes in. That is the fast money which has a very limited place in markets and generally not for their betterment. The sooner that we understand that markets actually exist to efficiently allocate capital into honest real world businesses, the better for all of us.
Why is it that some people will always assume that a hand full of people who are playing the real periphery of the market are always right and in possession of privileged inside information (how scary)?
If this was actually the case we should be doing something about it as a society because all things that act to corrupt markets just make them less efficient and wasteful to society. Why would society want to see money intended for productive purposes always just syphoned off into the hands of criminals.
If these shorters are acting on material information that the broader market doesn't know about, let's get together as a society, find out who they are and slap them in jail for breaking the law. If they are just stupid speculators, well, let them do their thing as long as it is on a level playing field. Esh
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Last
38.3¢ |
Change
-0.023(5.56%) |
Mkt cap ! $1.543B |
Open | High | Low | Value | Volume |
40.5¢ | 40.5¢ | 37.5¢ | $11.80M | 30.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 815520 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 596636 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 1.245 |
14 | 458433 | 1.240 |
12 | 312067 | 1.235 |
6 | 139692 | 1.230 |
6 | 131961 | 1.225 |
Price($) | Vol. | No. |
---|---|---|
1.250 | 371388 | 17 |
1.255 | 220916 | 10 |
1.260 | 134993 | 10 |
1.265 | 104166 | 6 |
1.270 | 38032 | 5 |
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