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
$1.36 |
Change
-0.010(0.73%) |
Mkt cap ! $3.297B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.36 | $6.675M | 4.858M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 474929 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.36 |
Change
-0.010 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| $1.39 | $1.40 | $1.36 | 1386723 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| LTR (ASX) Chart |