Im not taking less than 3 either.
The shorters have piled in for a reason because they smell major opportunity on a smash and grab and many of them were hoping to collapse the share price so they could collect on their shorting bets and then scoop up the shares on the cheap before the re-correction back to sensible market pricing came with tax season over and behind us and us hitting name plate and a wave of new institutional investors coming in.
Problem for them is too many of them got the same idea to rip off the stock so now with so many shorts owing its gonna be incredibly damaging for a lot of them when the exit happens and the price slingshots as shorters begin to cover.
Even better is that retail long holders have figured out what's going on and just aren't selling much as they too, know what's coming and can see the clock running out for shorters to get out the door on time before their fingers are burned.
It's inevitable and the irony here us that its all these shooters piling on because of their greed and the fact that they have all piled on without thinking about where the covers are gonna come from without sending the SP skyrocketing when they all need to start exiting at a similar time which is gonna hurt a lot of them real hard shortly.
I will be waiting with popcorn and the smuggest, most dirty look on my face when it happens!
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $225.0M |
Open | High | Low | Value | Volume |
10.5¢ | 10.8¢ | 10.0¢ | $530.2K | 5.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
214 | 14378761 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 854495 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
212 | 14028761 | 0.100 |
11 | 457441 | 0.099 |
13 | 353111 | 0.098 |
6 | 369450 | 0.097 |
4 | 223581 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 854495 | 13 |
0.110 | 4596109 | 38 |
0.115 | 3079757 | 40 |
0.120 | 7897099 | 64 |
0.125 | 4405721 | 56 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
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