Why does that baffle you? The higher the price the higher their potential return as shorters.
Its similar in principle and oppositie in action in buying falling stocks. Too many retail have been taken with trend trading, buying on the way up. Buy lower, sell higher - shorting simply the same, but reverse the order. The potential reward as a shorter greater at $1.20 than it was at $0.90...
I hold no grudge to the shorters of 2020 through 2023. It was a risky trade against overwhelming sentiment, but they were rewarded, particularly selling the exuberance of 2020. This time however they are getting a bit cocky. Its a very risky trade with far less reward.
MSB gets approval this share price doubles at least and you might then be grateful for shorters, as they are called on their shorts by their brokers = up, up and away. Forced buyers always pay higher than cautious investors.
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Last
$1.31 |
Change
-0.010(0.76%) |
Mkt cap ! $1.495B |
Open | High | Low | Value | Volume |
$1.31 | $1.33 | $1.28 | $1.819M | 1.396M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29972 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 2008 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29972 | 1.305 |
4 | 15000 | 1.300 |
1 | 772 | 1.295 |
6 | 63160 | 1.290 |
2 | 73667 | 1.285 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 12924 | 1 |
1.320 | 14413 | 3 |
1.330 | 7511 | 1 |
1.350 | 5000 | 2 |
1.355 | 30300 | 1 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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MSB (ASX) Chart |