why not?
Considering the SP was 4.40s at the start of year.
Not saying $4.40s is the right valuation, but how can anyone say $2.46 is?
What I see is 14.8mil in shorts that were banking on a possible CR. Now that appears to be slim to none.
So they are looking to cover.
The open and subsequent run to $4.05 today is a classic short squeeze, but only 1 mil odd went through on open and at $4.00.
SP gets pushed down for another covering run? Well that's what I am banking on.
closing price today, page-26
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 (20min delay)
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Last
$1.87 |
Change
-0.025(1.32%) |
Mkt cap ! $1.498B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.87 | $1.84 | $8.261M | 4.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5493 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 48154 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |