And a poor one at that no doubt! If you let shorters dictate your trades you will be very limited to gains on the pathetic ASX as most 200/300 stocks are shorted (legally of course lol). Lack of liquidity plays into their hands so they can control the price easily. They can only push down the price until the obvious fundamentals advance and surpass investor expectations.
Once one savvy insto decides enough is enough it can go the other way as they will compete with shorts eventually creating a fair market value.
Patience is key but with the general "Want it yesterday attitude" of the average punter/investor these days it helps them beautifully.
Don't forget just how small the ASX is. Approx 2% of world markets. Nvidia's MC alone as an example is worth about half the total of our whole pissy exchange. Embarrassing as that may be, we have to live with it or invest in alternate assets or offshore. Shorters will continue to make easy profits until a strong govt take back control and put obvious rules in place to make it fair to all. Highly unlikely in the short term due to hush money/incentives or promises of highly paid positions after they leave their current roles.
My opinion only of course.
GLTAH
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Last
$2.58 |
Change
0.040(1.57%) |
Mkt cap ! $1.781B |
Open | High | Low | Value | Volume |
$2.56 | $2.59 | $2.53 | $3.881M | 1.517M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10150 | $2.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.58 | 38947 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2299 | 2.560 |
1 | 2299 | 2.550 |
1 | 2299 | 2.540 |
1 | 2299 | 2.530 |
3 | 2504 | 2.520 |
Price($) | Vol. | No. |
---|---|---|
2.580 | 38947 | 2 |
2.590 | 15790 | 2 |
2.600 | 51518 | 11 |
2.610 | 23573 | 2 |
2.620 | 5063 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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