The Shorters are just Hoovering up the shares of the people who are panicking. Just remember they are playing both sides, the buyers and sellers. I believe that 50% or more on the buyers side are Shorters. So out of 675 million shares in SYR only 700,000 are actually for sale. Which means with very little effort the Shorters could buy all the shares on offer and the SP would be down to 30c. I am long term holder, an believe in SYR future, even though I don't like what is happening I am not selling.
SYR Charts, page-3111
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $282.0M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.0¢ | $420.2K | 1.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 37847 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 518713 | 27 |
View Market Depth
| Last trade - 10.50am 29/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |