ASM 4.04% 47.5¢ australian strategic materials limited

Dubbo, page-107

  1. 1,032 Posts.
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    Along with profit taking, I think one or more of the large short position holders has dug themself/themselves into a hole, and are using HFT to create additional downwards pressure on the SP, perhaps hoping to hit stop losses and/or trigger a selloff. TBH I'm hoping the SP falls a bit more, I want to buy back the shares I sold recently, but am too stubborn to pay more than I sold them for lol. Had a chance earlier today to buy for the same price but put my buy order a bit lower than I sold for, and wasn't watching at the time. Not too worried either way, though – am still holding a significant amount of ASM (it's all relative, of course), none of which will be sold any time soon (sorry, short position holders). I do like to have a little bit extra to trade with, though. Ah well, all good and I guess we'll see what tomorrow brings. Gotta say, ASM has been ridiculously good to me, and for that I am very grateful.

    Regarding shorts, was surprised to see only 200k were covered on the 25th, thought we'd probably see the whole 1.1m (that were shorted on the 24th) covered. Again, I guess we'll see what tomorrow brings.
 
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Last
47.5¢
Change
-0.020(4.04%)
Mkt cap ! $86.09M
Open High Low Value Volume
49.5¢ 49.5¢ 47.0¢ $106.1K 220.3K

Buyers (Bids)

No. Vol. Price($)
3 27366 47.0¢
 

Sellers (Offers)

Price($) Vol. No.
47.5¢ 10378 2
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Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
ASM (ASX) Chart
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