trendsetter think about ownership like this, I own something to entitle myself to the economic benefit/loss it generates.
Similar to the way longs "own" a share entitling him/her to the benefits of price rise, shorts also "own" a share entitling him/her to the benefits of price drop.
The popular perception is that you can only own something through buying, that is not entirely correct. Through shorting I am exposing myself to the economic benefits my action generates, I am "owning" it just in a different direction to the longs.
hope it rally today, page-24
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |