"ASM was also dropped from the ASX/S&P 300 this month. That removes it from the view of funds obligated to invest in it."
Doesn't this also remove the ability of these funds to short it? Which in my opinion has been the major reason this stock has been smashed into the ground from the highs of $14+, when it first entered the ASX300.
This is my theory and why I have taken a position here as of this morning.
ASM Chart Thread, page-9590
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Last
48.0¢ |
Change
0.020(4.35%) |
Mkt cap ! $87.00M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 50.0¢ | 47.0¢ | $124.9K | 258.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11491 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 5454 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ASM (ASX) Chart |