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.
ASM Chart Thread, page-6118
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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
| Last trade - 10.47am 29/08/2024 (20 minute delay) ? |
| ASM (ASX) Chart |