AGI 4.55% 92.0¢ ainsworth game technology limited

News: AGI Ainsworth Game Technology expects H12017 pre-tax profit to be approximately $15 mln, page-40

  1. 3,137 Posts.
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    Just on the issue of shorting as discussed above, it's not all bad. As the share price stabilises, there is always a rush to purchase the sold shares back - resulting in a short squeeze. It might be premature (as only time will tell) but it looks to me the opportunistic short traders have "had their fun" post recent news and the nice snap back in price today to $1.815 or nearly 3% on the day (and closing on the intraday highs) is due to shorters having to buy back their shares to book profits and we will see a continuation of this short squeeze into tomorrows open.

    For mine, AGI is heading north of $2.20 in the short term. A close in the $1.90s tomorrow would be a good start.
 
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