Australia's largest stock trading and investment forum Australia's #1 stock forum

MTS

Click for more information

0.84%

$3.56 metcash limited

Explain this?, page-3

First 3 Last

Share
Profile

Follow
V*

5,154 Posts.

11

02/11/15

14:49

Post #: 16309194
Share

Originally posted by Psalty ↑

On Friday 10.8 of the 11.4 million MTS traded were new short sales as per ASX. That's 95% of trades.
Most, being 7.4 million were traded in the last two hours of trade during which period SP went up 2c to 119c.
To me they were shorting like crazy at the end of the day but the price was going up!
Thursday was a similar story but not as extreme, being 7.9 of 12.5 million, i.e. 63% of trades, 7.7 million in last two hours. Price dropped only ~1c in last two hours but bounced around more. (Most of Thursday's drop took place early in the session when volume was lower).

Why is so much of the shorting happening at end of the day, and why is price relatively strong then?
Is it because:
Shorts are from overseas and so only wake up and "play" then?
Or are shorts seeing seeing buying pressure near end of day so are trying to overwhelm it?

It will be very interesting to get the aggregate shorts in 4 days time to see how much of that trade was shorts closing, as it will give an indication of how confident/desperate they were.
Anyone that can offer some insight into this?
Were they shorting like crazy because the price was going up, because they know MTS is on a one-way ticket down?

Expand

maybe it's just overall sentiment (AGAIN!) regarding WOW

MTS Price at posting: $1.17 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

CNB

Carnaby Resources hits copper at Mohawk, QLD

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add MTS (ASX) to my watchlist

(20min delay)
Last $3.56		Change -0.030(0.84%)		Mkt cap ! $3.907B

Open	High	Low	Value	Volume
$3.58	$3.59	$3.53	$7.923M	2.227M

Buyers (Bids)

No.	Vol.	Price($)
3	23763	$3.55

Sellers (Offers)

Price($)	Vol.	No.
$3.57	27771	6

View Market Depth

No.	Vol.	Price($)
3	23763	3.550
7	34941	3.540
5	41358	3.530
10	27986	3.520
20	42797	3.510

Price($)	Vol.	No.
3.570	27771	6
3.580	31561	4
3.590	15721	4
3.600	22568	8
3.610	38834	4

Last trade - 16.10pm 09/09/2024 (20 minute delay)

MTS (ASX) Chart