Just looked at the ASX Daily Gross Short Sales Report for 30 October 23 which reported 451K short sales for the day which is roughly 20% of average daily trading.
Think the strategy of the short sellers now is to break moral of holders using margin loans, knowing full well banks are probably making margin calls which for a lot of us means selling shares to fund the calls.
Would not buy any shares until the AGM or good news, whatever comes first.
The distribution algos making the short sales will be unrelenting. They will only turn them off to let the price rise a bit them turn them back on.
GLTALTH
Just looked at the ASX Daily Gross Short Sales Report for 30...
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Last
$7.03 |
Change
0.130(1.88%) |
Mkt cap ! $5.082B | |||
| Open | High | Low | Value | Volume |
| $6.91 | $7.06 | $6.88 | $23.49M | 3.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10650 | $7.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 7256 | 2 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$7.02 |
Change
0.130 ( 1.73 %) |
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| Open | High | Low | Volume | ||
| $6.91 | $7.06 | $6.87 | 933444 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| A2M (ASX) Chart |