100% they will be covering their positions. They are well-in-the-money so will probably look to lock in some profits. They were given a golden opportunity to cover their short positions with the block trade of 96m shares done at a discount to market price. They are now simply squeezing the juice out of the lemon by selling below the $1.26 level and trigger some more panic selling. Then, they will close out these short term positions by COB whilst there is blood on the street.
I can already hear the corks popping on the bottles of Moet......
ASX Today, page-36121
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 (20min delay)
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Last
$1.37 |
Change
-0.030(2.14%) |
Mkt cap ! $3.351B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.37 | $6.647M | 4.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 62363 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 41458 | 20 |
View Market Depth
| Last trade - 12.55pm 13/05/2024 (20 minute delay) ? |
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Last
$1.37 |
Change
-0.030 ( 3.12 %) |
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| Open | High | Low | Volume | ||
| $1.40 | $1.43 | $1.37 | 1510025 | ||
| Last updated 13.11pm 13/05/2024 ? | |||||
| LTR (ASX) Chart |