Our short squeeze dream is gone but after 2 years of constant selling pressure, it will be interesting to see if the next few runs have anyone capping the price & knocking it back down.
I can understand the short sellers wanting to shut down every possible rally over the last 2 years as they've had tens of millions of shares and profits on the line.
I can still see some of the current buyers at these levels being tempted with 20-30% gains if it goes back to high 50s to 60s but eventually they will run out of shares to sell and the price may keep zooming up, especially with an extra special 20th July update. Well that's my fantasy anyway
Ann: Balance Sheet Strengthening to Support Profitable Growth, page-351
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Last
$2.88 |
Change
0.160(5.88%) |
Mkt cap ! $3.753B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.92 | $2.75 | $38.73M | 13.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 134492 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 27526 | 17 |
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| Last trade - 15.04pm 09/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |