I have a bit of a tin foil hat scenario going on in my head that may be gaining a little credibilty. Is it possible that we are about to get waves of reform by Govt.,and the ASX re shorting .margin lending, share lending ect, making it far more difficult to access this style of trading.Perhaps funds , and traders are busy closing out shorts , and setting themselves up for a 'buy and hold' play ,as shorting of stocks may now be far more difficult and the risk/reward ratio will be far too high , causing most traders to go back to 'long only' positions.
As I said, tin foil thoughts perhaps ,but some shares seem to be accelerating with no real fundamental reasons to do so.
warning to all cfd: margin traders, page-26
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Last
$64.50 |
Change
0.040(0.06%) |
Mkt cap ! $12.50B | |||
| Open | High | Low | Value | Volume |
| $64.69 | $64.95 | $64.28 | $19.05M | 295.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 787 | $64.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.79 | 347 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |