I just took a look at the macro-short position in Myer. In a nutshell, there was a significant surge in short positions commencing Late July-August 2014, and this commenced when the share price had been hovering around $2 for a while. The increased short position in totality went from around 10% to 17% where it has existed for a while upto now. Given MYR is now around 1.85, there's not a lot of incentive now for shorters to maintain their position and like the poster above, I can foresee a squeeze coming where they will have to buy back in a hurry to avoid taking a hit. Maybe this is a being engineered already given the increased share price this past month. I can't wait for this to happen given the agony they caused when the stock was forced down into the 1.30's. I topped up a bit at 1.45 so am quite happy about that.
- Forums
- ASX - By Stock
- MYR
- Shorters in MYR have a choice
Shorters in MYR have a choice, page-3
-
- There are more pages in this discussion • 50 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYR (ASX) to my watchlist
|
|||||
Last
83.5¢ |
Change
0.025(3.09%) |
Mkt cap ! $694.5M |
Open | High | Low | Value | Volume |
80.0¢ | 84.0¢ | 80.0¢ | $1.459M | 1.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 20188 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.830 |
1 | 12814 | 0.825 |
4 | 39181 | 0.820 |
1 | 1701 | 0.815 |
2 | 113703 | 0.810 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 20188 | 2 |
0.840 | 110950 | 3 |
0.845 | 245872 | 9 |
0.850 | 95845 | 18 |
0.855 | 11117 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
MYR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online