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3.41%

21.3¢ strike energy limited

what !.. love the way you pick up other posters knowledge and...

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Cherry7

3,287 Posts.

246

03/05/24

18:09

Post #: 73657219
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Originally posted by 618: ↑

That still doesn't make any more sense of the short selling given a lot of short selling has been done at or near current price levels. Beside it being a hedge, one would only short sell if one think a scrip is overvalued. So this logic would only actually make sense if our current price actually reflects our fair value AND it has priced in some upside from a policy change. Given our scrip is trading at a discount to fair value, let alone price in any upside from policy change, I can't imagine the a negative outcome will have much of an impact on STX.

An example... if there is one particular series of $1 stamps which could worth more if Aus Post decides to make it a limited edition. If the shortsellers are selling it at 70c because they believe Aus Post will keep mass producung those stamps, where is that sense in that? At the end of the day, the fair value for those stamps is $1 at a minimum regardless of the decision.

618

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what !.. love the way you pick up other posters knowledge and twist it ! .. suggest you do some research re shorting

STX Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 21.3¢		Change -0.008(3.41%)		Mkt cap ! $607.9M

Open	High	Low	Value	Volume
22.0¢	22.3¢	21.0¢	$870.0K	4.027M

Buyers (Bids)

No.	Vol.	Price($)
61	1320451	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	620406	67

View Market Depth

No.	Vol.	Price($)
61	1320312	0.210
26	1191654	0.205
79	1582830	0.200
31	858878	0.195
21	1268436	0.190

Price($)	Vol.	No.
0.215	580397	65
0.220	1339160	30
0.225	1435554	27
0.230	1047820	30
0.235	1094080	17

Last trade - 14.26pm 29/05/2024 (20 minute delay)


Last 21.3¢			Change -0.008 ( 3.72 %)
Open	High		Low	Volume
22.0¢	22.0¢		21.0¢	2607688
Last updated 14.46pm 29/05/2024 ?

STX (ASX) Chart