Shorts are doubling down on the strong green market days. There is over 155 mill shorts shares to be covered. If you look at how stacked to buy side is, unfortunately, we not going anywhere any time soon. We need very strong news in order to create any sustained panic buying.
The sp want's to rise, but everytime it starts to do so, the short sellers or cross dressers are still there to extinguish that rise. The shorts not stupid and want an orderly cover, avoiding a squeeze.
Its spring loaded and when she goes, hang on to your hat and everthing else
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Last
$2.98 |
Change
0.180(6.43%) |
Mkt cap ! $8.971B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.98 | $2.81 | $72.01M | 24.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 319532 | 6 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |