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$4.96 new hope corporation limited

Its the holding part that people struggle with, especially when...

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MA0252

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28/12/22

18:19

Post #: 65462457
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Originally posted by madamswer: ↑

I'm always bemused at the extent that people concern themselves with what short-sellers may, or may not, be doing at any given point in time, as if short-sellers have some sort of monopoly on being consistently right.

Take NHC as a case in point: in June 2022, a full 6% of NHC's shares had been short sold (around 50m shares). The share price at the time was around $3.70.

Today, just 6 months later, it is 75% higher, and the short position has been reduced to 2% (17.5m shares).

Which means it was short covering that formed part of the buying over the past 6 months, which helped drive the share price up.

I don't know why the actions of shorters cause people such bother, because today's short-seller is also tomorrow's buyer.

In effect, short-sellers try to sell-high and buy-low.

Which is really no different to what other investors do, expect that the timing of the selling and/or buying is reversed.

So, if one does one's homework properly, and one buys and holds fundamentally undervalued businesses, the motivations and actions of short-sellers become irrelevant.

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Its the holding part that people struggle with, especially when they seeing red in the short term. Dont sell when your emotions tell you to.

NHC Price at posting: $6.44 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $4.96		Change -0.050(1.00%)		Mkt cap ! $4.192B

Open	High	Low	Value	Volume
$5.00	$5.04	$4.93	$5.923M	1.196M

Buyers (Bids)

No.	Vol.	Price($)
1	10000	$4.93

Sellers (Offers)

Price($)	Vol.	No.
$4.96	17155	1

View Market Depth

No.	Vol.	Price($)
1	175	4.920
1	5500	4.910
8	16504	4.900
1	2500	4.860
3	6224	4.850

Price($)	Vol.	No.
5.030	4000	1
5.040	4535	1
5.050	16198	3
5.060	10327	3
5.070	5	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

NHC (ASX) Chart