Yeah, anything is possible, a bout of extreme greed could set in for the shorters. You right though, its been almost a perfect storm for the shorters, scaring many out of their shares. I think the GFC is still fresh in many peeps minds, thus current volatility gnawing away at their resolve.
While I dont see a GFC type event, growth assets have run up in value based on ultra-low interest rates, and now that global rates are rising (have been for a while) those assets need to adjust down to reflect those higher rates. That's pretty normal, happens at the end of each business cycle, about every 7 years.
I cant stress enough the importance of understanding and preparing for end of cycle conditions.
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Last
$1.71 |
Change
0.135(8.57%) |
Mkt cap ! $5.502B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.73 | $1.63 | $146.9M | 86.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 95209 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 270706 | 3 |
View Market Depth
| Last trade - 16.19pm 18/07/2025 (20 minute delay) ? |
| PLS (ASX) Chart |