Though someone posted a day or two ago that if LYC didn't have shorters it would be so illiquid that the risk of holding would increase significantly.
For instance, bad news comes out, and the buyers flee the market, so you?re left holding shares with effectively no value until a punter puts in a bid 20% below the last price. Then the scramble to sell ensues.
Suddenly you?re 20% poorer? Regardless if you sold or not.
The above does not apply to shorters who slot massive volumes in order to trigger stops, that is unethical IMO.
The shorters in LYC seem to be doing as much buying as selling, which I'm sure in a way is supporting the price too IMO.
-Timbo
the truth about short selling, page-3
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |