"The market allows the shorters to operate however
The plays by the shorters should not affect us longer term, was the point I was trying to make"
There are 2 issues you might like to reconsider about the above:
Firstly, just because regulators allow (and even defend) the practice of shorting, that doesnt mean its a good, popular or harmless practice for everyone.
Secondly, as has been raised lots in the past posts about shorting. it certainly CAN badly impact us longer term holders (especially true-blue doughnut clubbers who have most funds tied up in LTR already). Life is full of surprises and none of us know when we suddenly need sizeable funds for purchases/bills and have no option but to sell some much-loved LTR despite the low manipulated SP. Its happened to myself & lots of others here.
ASX Today, page-22266
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Last
83.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 85.0¢ | 82.0¢ | $10.00M | 11.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 108577 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 53840 | 6 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |