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78.0¢ avz minerals limited

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th3p4rk2

1,122 Posts.

323

06/03/23

14:49

Post #: 66626599
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Originally posted by ipv6ready: ↑

The direction shorter will take depends on outcome. Unless there is exceptional news on open AVZ is likely drop like a stone.

Sad to hear your house is on the line. But you are doing the right thing by looking to get out.

Why do I say AVZ will drop like a stone, because trading realities will be

Sheer number of Retail investors who want to get out at any cost
Institutional traders/shorters will flood in
Retail shorters (gamblers) might want to double down
ETF and Tracking funds no longer allowed to hold will be selling

Edit: As for shorter who shorted @95c or above are still in the money

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Yeah, pretty bad situation. I am going to basically owe the ATO tax on money I have actually lost. Like when you invest in the market you imagine its possible to lose everything you invested... but actually I am going to lose everything I have invested + $175,000 I will owe on top of that.
AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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