Thanks brandonc, according to your link- as at the 22/02/21 shorts on VCX were not especially large- compared to various times in the recent past.
This morning's Australian, page 31, Super savers, beware the costly market games.
I will just quote this,
"It was ironic that on the eve of the US shorting battle, $10bn Australian hedge fund Caledonia wrote to its clients to tell them it was planning to short Australia's large office and retail-based property trusts, plus others involved in the retail sector."
The verb tenses used cannot show if their plans have been acted upon yet.
My reaction to this is that I will not help shorters by selling my own holdings- and if there is further SP weakness, and it is the best use of my funds, I will further accumulate on weakness. I would not participate any any action to buy further shares in order to defeat the shorters- nor would I encourage anybody else to do this- eventually it would have to end in tears for someone- you call them bag holders.
Obviously there are some headwinds for REIT sectors and these will exist post covid- this must be true or shorters would have no leverage- but my conviction is that the current SPs, mostly, in the sector derisk those headwinds.
Oh, may I have another red day about the end of February- that is when I intend accumulating next- one of the banks at around $20 would be nice.
IMHO DYOR
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Thanks brandonc, according to your link- as at the 22/02/21...
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Last
$2.47 |
Change
0.030(1.23%) |
Mkt cap ! $11.27B |
Open | High | Low | Value | Volume |
$2.44 | $2.47 | $2.43 | $31.93M | 13.00M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 92578 | $2.44 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.47 | 46208 | 2 |
View Market Depth
No. | Vol. | Price($) |
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3 | 92578 | 2.440 |
3 | 31628 | 2.430 |
4 | 43483 | 2.420 |
4 | 45088 | 2.400 |
1 | 5000 | 2.380 |
Price($) | Vol. | No. |
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2.470 | 46208 | 2 |
2.480 | 43912 | 1 |
2.500 | 50695 | 2 |
2.510 | 2192 | 2 |
2.520 | 41829 | 1 |
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