Seeing the % shorted edge up is curious. I don't want to give too much oxygen to this style of trading (I think it is financial gain at the detrement of genuine companies), but the shorters last time had an excellent run. We saw the SP fall from 40c to 15c, and in the end it turned out to be informed shorting that was on the money.
Given we are nearing the DFS & ML approval, why would they short again? What is the risk v reward proposition and why would that be attractive? I can't see ADN falling much further than where we are, and information flow is expected to be steady for the next 6 months as we approach production.. anyone have an idea of what would be driving this behaviour? I always try to learn from my mistakes, and ignoring the shorter last time was one of those errors.
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.5¢ | $56.04K | 3.534M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 67044 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2945887 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1000 | 0.016 |
38 | 10074219 | 0.015 |
12 | 2236049 | 0.014 |
7 | 2633923 | 0.013 |
6 | 1655833 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2945887 | 9 |
0.018 | 2862774 | 9 |
0.019 | 3659762 | 9 |
0.020 | 1653444 | 13 |
0.021 | 1350000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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ADN (ASX) Chart |