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Great sleuthing @Yak529 Million NEW Shorts taken out during Tuesday 10th May.
Taken out during a day we lost 18% value to the Stock Price.
THIS EXPLAINS THE MASSIVE DROP OF 22 MILLION SHARES AT THE OPEN AND FIRST 20 MINS.
9 milion shares were shorted before the trading started (pre-market) and DUMPED into the market in mass to create a massive drop of the stock which resulted in 18% being wiped off the MC of Brainchip in one day.
Since the dump wound down to a trickle of shares being sold off ,one would presume that all 9 Million SHORTS had been closed out with a handful probably left this morning to be covered! The reasoning behind this is the small rebound since 11am today.
If anyone needed EVIDENCE of a SHORTING CAMPAIN which does harm to a Stock Price of a Company and its Shareholders then this should be sufficient.
$360 Million dollars wiped from the MC of Brainchip and its Shareholder, whoever they are!
Yak52
There are in the words of the Monty Python crew a lot of ‘very naughty little boys’ in shorts.
My apologies to all the ‘naughty little girls’ in shorts it is not my intention to imply boys have a monopoly on being naughty.
I actually believe shorts are an equal opportunity employer that respects all gender preferences and does not discriminate on the basis of race or disability and pays respect to the Aboriginal land custodians where ever they dig their secret liars.
My opinion only DYOR
FF
AKIDA BALLISTA