I noticed that the ASX short sale list shows a dramatic increase in IGO shares shorted. The shorts are piling into this alongside the sellers who want to get out. IGO ran up like crazy during the past 3 years from about $5 to $16 and it looked too far too fast. Certainly it is now very painful for the long to see it drop 50% and then probably will drop some more. It looks like we just have to forget this for a while and ride it out. When it goes back up, it will be just as meteoric like how it drops as there will be short covering and FOMO.
The mentalist, page-39
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Last
$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $4.316B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $5.78 | $5.63 | $12.90M | 2.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39401 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.70 | 11762 | 3 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |