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Next Digital share price

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  1. #1

    Join Date
    Aug 2013
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    The World
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    Next Digital share price

    Incredible movement in the past 24 hours - it surely can't be all LIHKG people buying as an act of protest...or is it?


  2. #2

    Join Date
    Mar 2017
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    Hong Kong
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    837

    according to Bloomberg it seems to be individual investors?

    “There are a huge number of retail investors buying,” said Castor Pang, head of research at Core Pacific-Yamaichi. “If you just look at the bid-ask price and the size of single trades, most are super small.”
    https://www.bloomberg.com/news/artic...d=premium-asia

    Too bad there's no way to short this stock or is there?

  3. #3

    Join Date
    Sep 2018
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    Hong Kong SAR China
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    2,215

    Think a lot of the price movement was caused by a sudden increase in retail investor market orders, which are the default order type with the discount brokers. Then a classic pump and dump.