Hi Duckman1701
I agree completely. In my post I was giving the optimistic perspective for the shorts... but the scenario you lay out is what I am starting to think is what they actually face.
I am not a big fan of the idea that short sellers get caught in a squeeze... but unless they change course it might happen in this case. Buyers lining up at these prices will be hard to shake out of their positions... and speaking for myself, I have continued to buy and I am sleeping soundly.
The volume can be misleading.... e.g. how many times are the shorts trading for pips? i.e they might already represent the majority of the trades.
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $89.72M |
Open | High | Low | Value | Volume |
49.5¢ | 49.5¢ | 48.0¢ | $41.88K | 85.21K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1039 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 3459 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31078 | 0.480 |
3 | 4429 | 0.475 |
6 | 36819 | 0.470 |
4 | 9755 | 0.465 |
2 | 10000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 3459 | 2 |
0.495 | 1483 | 1 |
0.500 | 3732 | 4 |
0.510 | 5272 | 3 |
0.515 | 299 | 1 |
Last trade - 10.47am 29/08/2024 (20 minute delay) ? |
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