Who cares if anyone is short and wrong at the moment? Does it give you satisfaction when others are losing? Market has a very good record of taming those that display arrogance.
The most famous and successful short sellers have openly admitted to being wrong on their shorts for a long time before they made big money on the position. Sometimes the price has gone against them by more than 100%. It's part of the game and takes big balls and resolve to see it through.
Just because the price is going up due to momentum chasers and mania, it doesn't mean the fundamentals and valuations are changing as well. Eventually fundamentals will matter. Might take years but they always do and that's when a lot holders will learn an expensive but good lesson.
When things turn a lot of holders will get caught and those that were lucky or smart to buy early and actually sell near the top to lock profits will probably lose money too because they start buying again on the way down and continue to do so because they think its going back to it's previous levels.
This is forum to express views and we should respect both sides and let everyone share their view even if it is counter to our own views. Gloating or taking pleasure when others are losing achieves nothing.
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B |
Open | High | Low | Value | Volume |
$2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 133683 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 235682 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 38024 | 2.180 |
2 | 1381 | 2.170 |
3 | 17776 | 2.160 |
5 | 23480 | 2.150 |
2 | 46380 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 194372 | 36 |
2.210 | 175 | 1 |
2.220 | 34300 | 6 |
2.230 | 8500 | 3 |
2.240 | 13075 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |