I reckon it's over or near abouts Seagull (more new positions). There's an extraordinary amount of long positions outstanding no doubt that are obviously slowly being returned as cheap as possible but too many more new positions and their axis point is at risk imo. I believe it's as simple as team B (low margin new positions) taking a hit for the A team (high margin loans over 42c) where the juice is.
I'm calling it the Holy Grail Axis of Evil play and expect they'll let it run off the back of an announcement to maybe 30c when they'll sell all new positions (taking it back under 20c and cover remaining longs. Up, down, up then down if the new loaners (under 20c) want out which they will after all catalysts (imo)
I'm sure this makes perfect sense to all, it's just my crazy theory though.
AGY Shorts, page-727
Add AGY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $174.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $197.2K | 1.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 1959452 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 169666 | 4 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
|
|||||
|
Last
12.3¢ |
Change
-0.005 ( 3.92 %) |
||||
| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 12.0¢ | 990330 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| AGY (ASX) Chart |