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btw the scots "wet dream" was not too far out was it ?

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Cherry7

3,287 Posts.

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03/05/24

19:03

Post #: 73657898
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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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btw the scots "wet dream" was not too far out was it ?

STX Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 22.0¢		Change 0.000(0.00%)		Mkt cap ! $629.3M

Open	High	Low	Value	Volume
22.0¢	22.3¢	21.5¢	$318.6K	1.455M

Buyers (Bids)

No.	Vol.	Price($)
48	1032037	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	1325705	43

View Market Depth

No.	Vol.	Price($)
46	1032396	0.215
31	1024762	0.210
26	1103710	0.205
76	1517997	0.200
28	639554	0.195

Price($)	Vol.	No.
0.220	1147553	59
0.225	1592249	40
0.230	1087146	32
0.235	1096821	20
0.240	1338639	20

Last trade - 11.54am 29/05/2024 (20 minute delay)


Last 21.8¢			Change 0.000 ( 1.45 %)
Open	High		Low	Volume
22.0¢	22.0¢		21.5¢	893344
Last updated 12.12pm 29/05/2024 ?

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