Well with the current valuation of around $98 CBA is on the radar I think. Obviously the shorts need big money to move it back but they are definitely watching the SP. All they need is the sniff of CBA reports to suggest "slow and steady, less then or market conditions are tougher than.." naturally they may not be able to short 15% of CBA but they will and probably are already shorting CBA. Just check the shortman chart.
PNV Media Thread, page-3067
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Last
$2.65 |
Change
0.130(5.16%) |
Mkt cap ! $1.808B | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.66 | $2.58 | $1.536M | 585.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 12846 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 25332 | 19 |
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| Last trade - 12.50pm 16/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |