Generally, it would be safer to short as the price gets higher. There must be a cohort of punters who bought under 70c who could be looking to take profits at different times. So, I am expecting the SP to rise nicely from here but there should be the usual dips that you see in an uptrend.
Thinking, there is still covid and its cousin the lockdown- so still something that determined shorters could exploit. But there is plenty of upside for us longers to look forward to.
I am writing a poem at present about the joy of averaging down on a shorted stock. Still not sure if it should be an epic or a sonnet?
PRN should do really well after the pandemic- but no idea when that might be.
IMHO DYOR
Generally, it would be safer to short as the price gets higher....
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Last
$1.19 |
Change
0.010(0.85%) |
Mkt cap ! $1.111B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.19 | $1.17 | $2.850M | 2.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 13133 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 89782 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |