AC8 1.92% 13.3¢ auscann group holdings ltd

The big traders have toyed around with the 40c mark for a while....

  1. 287 Posts.
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    The big traders have toyed around with the 40c mark for a while. I think they have run out of real new money at this point. They will soon have to "make do" with taking profit at a point under 40c and then they will attempt to swing it back to 40c plus. This would probably be a playable point. The risk is still high though.

    Sidage, are you thinking about playing this swing if they dump it about 15% under 40c? In US market, it's so easy to play short. I used to just sell what I did not have and the brokers just lent me the shares instantly. On ASX, it's hard and only for pro traders who has enough credit line. So, one way for recreational players is to play these deadcat and pumping/dump bounces.
 
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