Your reasoning is nonsensical. Why would anybody sell if there is "so much upside. It's like a loaded gun ready to fire!"
Talk of a takeover is idiotic. Aus Super who own 30% aren't going to sell and cop hundreds of millions of dollars in losses. Whoever is loaning the shares to be shorted aren't doing it just so they can sell into a takeover at a much lower price and lose 10's of millions of dollars. They believe in the long term and don't give a rats about what the short term SP is.
Media Reports, page-1903
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Last
29.0¢ |
Change
-0.020(6.45%) |
Mkt cap ! $313.0M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 29.0¢ | $1.646M | 5.452M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 252294 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 173605 | 21 |
View Market Depth
| Last trade - 15.04pm 08/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |