My personal opinion is that its forced selling by being kicked out of the ASX50 and the underwritten DRP. Shorting is used as a mechanism to balance the sell order flow. Lets see how the % shorts stack up by the end of September, I wouldn't be surprised to see a step down by then.
We shall see in a couple of weeks time if I am correct, but for me I am as happy as Larry. Opportunities like these don't come along very often in a strong overall market.
AGL long road back to $20, page-509
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Last
$10.28 |
Change
-0.100(0.96%) |
Mkt cap ! $6.902B | |||
| Open | High | Low | Value | Volume |
| $10.30 | $10.30 | $10.24 | $31.90M | 3.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 8972 | $10.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.28 | 6542 | 17 |
View Market Depth
| Last trade - 13.59pm 19/07/2024 (20 minute delay) ? |
| AGL (ASX) Chart |