88E 0.00% 0.2¢ 88 energy limited

That cat in the night, page-2

  1. 2,177 Posts.
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    Don't shorters expect a price drop, 14 million is a drop in the bucket with almost 15 billion shares on issue, but it is a bet on a drop, which implies they are not expecting good news.

    I do see the point that good news will squeeze the short, so adding 14m demand on the buy side

    In short selling, a position is opened by borrowing shares of a stock or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase them at a lower cost. The risk of loss on a short sale is theoretically unlimited since the price of anygood news asset can climb to infinity.
 
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Last
0.2¢
Change
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Mkt cap ! $57.78M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $33.62K 29.78M

Buyers (Bids)

No. Vol. Price($)
304 1194499268 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 153924830 31
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Last trade - 14.25pm 05/07/2024 (20 minute delay) ?
88E (ASX) Chart
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