Just my view... shorters are buying last few days, now at 5.52% up over 0.5% in 1 week.
I dont think they are hoping for the sp to go down to $10 or $11, they actually operate on making money on a daily basis.
They will push sp up, sell, then push down and buy back, all over a couple of days, not huge profit, but when added up over months it becomes significant.
The BB will hinder this process as normally this stock would have no daily trades.
Food for Thought, page-13
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Last
$14.55 |
Change
-0.045(0.31%) |
Mkt cap ! $725.6M | |||
| Open | High | Low | Value | Volume |
| $14.76 | $14.76 | $14.46 | $329.4K | 22.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145 | $14.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.54 | 19 | 1 |
View Market Depth
| Last trade - 10.55am 31/07/2024 (20 minute delay) ? |
| CUV (ASX) Chart |