Hi flight11- some one recently mentioned that those shorting may be carrying their 'go nads' around in a wheelbarrow ??
Me thinks at this point in time a 'front end loader' may be more appropriate.
I was once a Designated Trader for a Broker and with one slip - took a duplicate order-a small quantity- to sell . ( one had been on market for a month- I did not research enough -a deadly sin -silly me) .The stock showed a little interest and both sold about 5 minutes before market closing... I tried to cover even after hours and of course word got around and it cost me $5k+ -out of my own pocket... Had to report a short sale to the ASX etc etc ... a scary situation...A real 'underwear changing' situation----That stock was a super minnow compared to AVR.... but an example of what can happen if one 'short sold'. Mine was an error - seems current shorts are deliberate.
.
Also there was expected announcement on the stock I was involved in.
They are not playing with fire - they are playing 'Russian Roulette' with 2 bullets in the chamber. My opinion of course - Wonder who, if anyone is advising them . Also wonder who allowed the shorting. Not all Brokers will go with shorting.
From my research and understanding WBT could call a Trading Halt at any time - bingo........ Oh well hope they have deep pockets.... and also wonder what they set their -falling market- 'buy in' price at . ? When one looks at the monthly high/low price there is little room for profit v risk ?
An example - you short say 100,000 at $1.80 =$180,000. Trading Halt --- and super news --- stock opens at $ 3.00 = a possible loss of $120,000
-- that is if you can get the stock to cover your short position........There is no limit as to what you can loose
All IMHO -
I smell burning rubber.
Keep safe
.
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Mkt cap ! $468.5M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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View Market Depth
No. | Vol. | Price($) |
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1 | 3184 | 2.470 |
2 | 11314 | 2.460 |
3 | 3630 | 2.450 |
1 | 1229 | 2.440 |
Price($) | Vol. | No. |
---|---|---|
2.510 | 6115 | 2 |
2.520 | 396 | 1 |
2.550 | 33843 | 5 |
2.560 | 12594 | 3 |
2.570 | 18763 | 1 |
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