My take on the shorts.
They have enticed as many uninformed investors from the share registry as is possible. The remaining holders are smarter than the average bear and are in a position of not having to sell. Many still have cash available to purchase on days like the 310 dip.
Shorts are now playing against other institutions with an opposing view. In other words, playing with themselves.
The news in recent weeks is a sign the bottom is close. Unfortunate situations like CXO are a signpost, as they were 3 years ago.
The short graph went parabolic and is now looking like it’s on a cliff edge. I don’t envy their position.
One more sign. The shelves have emptied of popcorn.
My take on the shorts. They have enticed as many uninformed...
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.07 |
Change
0.090(3.02%) |
Mkt cap ! $9.197B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.09 | $3.02 | $74.82M | 24.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |