Shorts always try to bully Retail by sitting on the SP on good news. The seeds of doubt have been sewn and watered re CR. But even if a CR happens, it will not change the long term equation. There will be a dilution but holders will have a chance to buy before and probably after a CR to avoid real dilution.
The shorts are not at particularly high levels compared with other perfectly good companies on the ASX200. I think that is because there is a significant upside risk to shorting PAR. One solid deal on MPS or optioning exclusivity on phase 3 positive results will be enough to fund them to ramping production.
That will be a green light for larger investors to weigh in IMO. Then we can enjoy watching a classic short squeeze. The more the merrier.
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $104.9M |
Open | High | Low | Value | Volume |
30.0¢ | 31.0¢ | 29.5¢ | $89.62K | 294.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 20607 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 16773 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 20607 | 0.300 |
2 | 104965 | 0.295 |
4 | 76439 | 0.290 |
4 | 68593 | 0.285 |
2 | 100000 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 16773 | 1 |
0.310 | 13569 | 2 |
0.320 | 35000 | 1 |
0.325 | 50366 | 4 |
0.330 | 125773 | 4 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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PAR (ASX) Chart |