Oh well, as long as he is good to his mum and loyal to his mates.
Holding a stock that is shorted over a cliff is really only a problem if you have over committed. That is not the shorter's fault.
If you have not over committed and the stock is shorted over the cliff you can make an informed decision about either selling, holding or averaging and holding. If and when the SP recovers it is the shares that you have averaged down with that bring you the greatest percentage profit. The polite thing to do in the latter situation would be to then post a nice thank you to shorters and to include a wish towards their future health and happiness.
Something like that.
Oh, and if your mate would also give a heads up about when he might buy back the shorted shares that would be kind of him too.
Chart - BPT, page-12
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Last
$1.64 |
Change
-0.043(2.53%) |
Mkt cap ! $3.758B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.64 | $3.469M | 2.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 104255 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 50711 | 43 |
View Market Depth
| Last trade - 13.09pm 04/06/2024 (20 minute delay) ? |
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Last
$1.64 |
Change
-0.043 ( 2.35 %) |
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| Open | High | Low | Volume | ||
| $1.65 | $1.66 | $1.64 | 885271 | ||
| Last updated 13.31pm 04/06/2024 ? | |||||
| BPT (ASX) Chart |