Logically yes you are correct, though I still think there will be a couple of people who are selling even though they have have the money available for the options so they ensure their holding stays at x %.
The world is a very illogical place most the time.
The other note is we had a very high percentage of shorts taken out last Thursday and Friday. Once gthey feel there is no more downside momentum they will have to cover the positions its just a matter of when and at what price.
ARL chart, page-407
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.0¢ | $2.245K | 5.506K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 4175 | 1 |
View Market Depth
| Last trade - 14.37pm 03/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |