NS the 38m new shorts yesterday says a lot as to why our sp only went to 84c. That's 25% of the massive 152m volume.
Of course these wont necessarily add directly to the cumulative shorts as other positions may have been closed out yesterday. But still at least 25% of the trades were aimed at capping the sp.
Today looks like being no different.
The market cannot stay irrational for ever, value & fundamentals eventually must prevail.
isn't it amazing?, page-2
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Last
$7.76 |
Change
0.060(0.78%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.90 | $7.70 | $22.34M | 2.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4481 | $7.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 14225 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |