This isn’t entirely correct. You could be a long term holder of IGO shares in your commsec brokerage account and then use your IBKR account to short IGO as a swing trade. Chuck the profits from shorting (if you profit) back into your long term account holding with commsec. Rinse and repeat.
A lot of the US originating brokerages like IBKR allow you to short stocks quite easily. I personally hold a parcel of IGO from $5.60 in a long term account but would also see the appeal of shorting it for a trade in the short term. Couple days to a week max.
You could also use the short position as a hedge for your long term position if you believe battery metals are to stay suppressed for the next few months.
Looking for the bottom, page-65
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Last
$5.72 |
Change
-0.130(2.22%) |
Mkt cap ! $4.331B | |||
| Open | High | Low | Value | Volume |
| $5.85 | $5.91 | $5.70 | $24.52M | 4.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8696 | $5.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.77 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |