correct. they end up profiting the margins.
this all sounds good and well, until the market takes back hold of PLS and if starts to rise to its fair value.
The shorters then panic and are forced to buy. The more that buy back, the more the stock price shoots up, causing more shorters to panic buy. It's a domino affect.
somewhat similar to what happened to GameStop - except that was orchestrated.
correct. they end up profiting the margins. this all sounds good...
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 (20min delay)
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Last
$4.19 |
Change
0.015(0.36%) |
Mkt cap ! $12.52B | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.19 | $4.13 | $9.919M | 2.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 81846 | $4.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.19 | 93030 | 28 |
View Market Depth
| Last trade - 11.51am 08/05/2024 (20 minute delay) ? |
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Last
$4.18 |
Change
0.015 ( 0.50 %) |
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| Open | High | Low | Volume | ||
| $4.15 | $4.19 | $4.13 | 791861 | ||
| Last updated 12.10pm 08/05/2024 ? | |||||
| PLS (ASX) Chart |