If shorting a stock forces the price down [a stretch to begin with, but let's go with it], then covering it would force the price up in an equal but opposite direction. The effect would be you wind up in exactly the same place you started. An accumulation strategy that starts with shorting the stock makes no sense whatsoever.
Shorters undeterred, page-9
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Last
47.0¢ |
Change
-0.060(11.3%) |
Mkt cap ! $44.66M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 45.5¢ | $50.14K | 102.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1285 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 9463 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |