Lattelarry
Regular
Only thing I can think is they have been borrowed but not sold yet.
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- Thread starter Lattelarry
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comin2getme
Member
Can anyone explain the $0.00...
Lattelarry
Regular
Yeah I'd say it's internal borrowing within Macquarie. MBL is Macquarie Bank Limited.
Lattelarry
Regular
Still a lot of games being played
Lattelarry
Regular
Seems like its only a matter of time now.
Just Westy
Member
I noticed that earlier and wonder now that given TW has his conversion rate set for the oppies we may see some relief on the short front.
No way they have closed 26 million positions, volume hasn’t even been that high.
This is a failure to report which is designed to mislead the market and is a disgrace. Will be back up again on Tuesday probably.
Just Westy
Member
Why haven't they knocked it back down then?
Yesterday there was only 68,843 reported short on a day where they could have easily murdered the SP.
Take the one big 500k sell @53 out of the queue and we have a very different looking Bid Ask spread than from the last few weeks.
Somethings changed.
Just Westy
Member
Looks like the most likely explanation, but it looks good though 
Lattelarry
Regular
My guess is that they borrowed a huge amount of shares and didn't sell all of them. They have now returned some which were never sold which is why there was no effect on the SP.
The 13/5 has very high volume for very little movement. Maybe there was a big cross trade - cant remember. But it stands out as odd.
I agree with Westy though - it seems like something has changed. Maybe they've just gotten bored and feel like there are better targets out there now for their games.
At the moment my guess is its not a reporting error for once. Will see next week!
Have a good weekend all!
The 13/5 has very high volume for very little movement. Maybe there was a big cross trade - cant remember. But it stands out as odd.
I agree with Westy though - it seems like something has changed. Maybe they've just gotten bored and feel like there are better targets out there now for their games.
At the moment my guess is its not a reporting error for once. Will see next week!
Have a good weekend all!
Lattelarry
Regular
Someone posted this over at pnv forum and it's a good read
www.griproom.com
Why Your Stock is Always Red — GripRoom
How Wall Street manipulates a stock into seemingly being down all the time.
www.griproom.com
Ibetfixed
Regular
Sounds familiarSomeone posted this over at pnv forum and it's a good read
Why Your Stock is Always Red — GripRoom
How Wall Street manipulates a stock into seemingly being down all the time.
Just Westy
Member
Just let us know when you plan to wipe a few lines reg.
Just Westy
Member
I saw something similar happen with AGY back in 2018 when there was hardly any shares for sale after a good announcement and buyers stepped up. Was on BIT when it went wild as well.
Panic selling into a massive pump is a wild ride, especially when you only have a phone with dodgy internet on a footpath in Singapore and misses is bugging you!
Just Westy
Member
You could head over to SYA and wipe a line or 2 there if you're bored.
Lattelarry
Regular
Almost no resistance to the shorts selling. Although I'd say they have now got some help from others that want out.
Will be interesting to see how low it goes.
I'm guessing there will be tax related selling too this month.
Will be interesting to see how low it goes.
I'm guessing there will be tax related selling too this month.
Cross trade L5 XT
Lattelarry
Regular
There were lots of big trades today.
I wonder if someone needs money for something else and is dumping huge amounts or just shorters taking advantage of a weak market.
Just Westy
Member
I've been loading up on some Lithium stocks going cheap the past couple of days but will grab more BET if it gets down in the 30's next week.
People are getting spooked and booking up losses whilst others are taking profits least they lose.
I can be patient with my current holdings.
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