My opinion only, I do not like short selling, I think the practice is counter productive to producing a strong economy for our country, rather benefits few people trading numbers on a screen. Forcing down prices, coupled with cap raises cripples or potentially cripples quality companies who want to create jobs and prosperity.
I do however believe it increases liquidity on a daily basis simply because some companies may be tightly held, so not many shares changing hands on a daily basis. Is this extra liquidity actually beneficia to anyone except the shorters? I dont think so.
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Last
95.0¢ |
Change
0.035(3.83%) |
Mkt cap ! $2.303B | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 98.0¢ | 91.0¢ | $33.31M | 35.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124060 | 94.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 170420 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |