"i think i read tod ay that 15% stock still shorted as of yesterday!!!...thing is that figure sounds a bit high but even if 8% that is still a lot to go yet!!" stayer.
As of 14.3 shorts clocked in at 14.43%:
http://www.shortman.com.au/stock?q=pry
Scroll down a bit to see daily short action. In a word, massive. I strongly doubt this is for shorters profit. Especially as demographics, sector, trend-rising sp, and China-potential are present. Rather, it's for insto positioning for best yield, but moreso, I think, it's in line to benefit/institute a t/o. Friendly? Hostile? Bidding War?
Reminds me of the old Chinese curse, "May you live in interesting times."
With the insto bit above in mind I think TA is of no consequence at all. The competing instos all have prescribed BUY targets/range, and will stick to it for their own purposes/strategies.
OV
Ann: Trading update, page-32
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Last
$1.34 |
Change
-0.255(16.0%) |
Mkt cap ! $969.3M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.61 | $1.30 | $16.38M | 12.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3848 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| HLS (ASX) Chart |