If it happens it will be brutal and brief. There are 10 M shorts that can be covered at $10 and approx 20M that need about $9. After that we will see the push back up so that the lendees can regain their capital.
So a $2 drop would be around a 18% drop, triggering all stop losses and mopping up the final large retail holdings. Then the insto's determine the fate of A2 going forward and potentially determine a T/O.
Chart Update, page-8635
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |