I am reminded that at the peak of the Great Financial Crisis of 2007-2008, that paragon of market analysts, Lehman Bros CEO Fuld blamed shorters, and I do believe he said something to the effect 'shorters: burn in hell...".
The sin of shorters was to tell the world that Lehman's was worth squat, and to put their $ on the line to demonstrate their attachment to that belief. The shorters were right, of course.
So, if you think the shorters are wrong, buy a few more.
Personally, I'm quite sure the shorters are wrong in the long term, but in the short term, they may be right.
Regards,
P
Discl: I hold a few. Not a lot of liquidity to buy more, but if the shorters force the price down, I will do so.
EOS - Shorts Target - Short Term, page-27
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Last
$1.76 |
Change
0.025(1.45%) |
Mkt cap ! $338.6M | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.78 | $1.73 | $591.9K | 335.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1690 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 5532 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| EOS (ASX) Chart |