I entirely agree. The shorters have doubled down and doubled down but Polynovo is not going away and holding an open short position is not a low-cost exercise. The dogs can bark as hard as they like but the caravan is powering on, albeit a little slowed, largely by the pandemic. So the shorts will have to cover c50m shares sooner or later and I just cannot see how they can all hope to escape with their bollocks.
I am enjoying the show, to be frank. On the charts thread someone is talking about a support at 62c. It's hilarious! As long as you don't have to sell, of course.
PNV - Chart, page-12227
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Last
$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $1.780B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.63 | $2.56 | $2.465M | 952.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10700 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 24502 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |