The heavy selling down to10c was not shorts covering.
When a short covers, they need to rebuy the share and return it to the original owner- who loaned it out for a fee. So it actually means buying has occurred- not selling. This probably coincided with rise from 10c to about 15c… possibly saw the ‘golden cross’ about to happen.
A lot of the time Instos will also short a small amount to cover the chance the stock falls.
The drop in shorts from June 24th to July 18 was huge.
ASN General Discussion, page-20873
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.016(16.2%) |
Mkt cap ! $148.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $260.1K | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 389518 | 7 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |