IGO 1.60% $5.54 igo limited

Looking for the bottom, page-62

  1. 661 Posts.
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    Shorting is also used for hedging & downside risk

    It's never much fun when you are holding a company that seems to be under attack or under pressure or is suffering from significant competition or a drop in wider market sentiment or is exposed to a hot sector that has turned into a crowded sector with talk of glut or changing demands

    We can't know exactly what the aim of aggregate or individual shorting is unless a particular fund or activist investor comments or price sensitive announcements are released or significant legal or political events occur

    Sometimes shorts create buying opportunities for themselves & sometimes long term investors can consider adding to holdings when there's price weakness

    Trying to figure out why we have seen SP weakness recently & if IGO is oversold or overvalued based on all current information, including projections, is maybe more relevant than the overall short positions, though shorting activities & totals shouldn't be ignored, nor become the main focus or sole factor of investing decisions

    There's a chance we see economic activity stall, inflation remain high, interest rates increase & lithium demand plunge..... for a while

    As others have mentioned there's likely to be significant consolidation in lithium sector & if IGO can survive downturn & tough market conditions, we might be able to position well for next lithium market upswing & increasing economic activities linked to lithium demand

    See what happens
 
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Last
$5.54
Change
-0.090(1.60%)
Mkt cap ! $4.195B
Open High Low Value Volume
$5.56 $5.65 $5.48 $25.43M 4.575M

Buyers (Bids)

No. Vol. Price($)
6 47031 $5.54
 

Sellers (Offers)

Price($) Vol. No.
$5.58 5000 1
View Market Depth
Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
IGO (ASX) Chart
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