The shorters have known for weeks that this day is coming......so they aren't shocked by the events unfolding. Also shorters work on risk : reward so it is pretty obvious that as the SP has fallen the risk : reward is less attractive than when the SP was a $6, $3 or $2 etc. So yes the shorters will still want to play but their exposure will be reduced in accordance with the lower risk : reward ratio.
How to win big on Slater and Gordon, page-78
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Last
$48.01 |
Change
1.760(3.81%) |
Mkt cap ! $19.47B | |||
| Open | High | Low | Value | Volume |
| $46.25 | $48.20 | $46.25 | $5.469M | 115.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9 | $48.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $48.03 | 170 | 4 |
View Market Depth
| Last trade - 14.28pm 19/11/2024 (20 minute delay) ? |
| SGH (ASX) Chart |