What you are suggesting doesn't make any sense. If U3 comes in as expected there will be some hefty institutional support. This support will easily overwhelm shorters who are limited as to how many shares can be short at any one time.
There seems to be some well directed support lately that counteracts the late sell-off, and whilst I don't know this for a fact I have been watching the trading pattern in the last 10 or 15 minutes of trading and it has definitely swung in favour of buying support and against shorters on most days.
Whilst I might(or might not) know plenty about oil and gas, I don't profess to know much about trading , shorting, derivitives , etc.
I am puzzled as to why the shorters are still there in such numbers particularly when there is a strong likelihood of so much positive news around the corner.
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Last
8.5¢ |
Change
-0.005(5.56%) |
Mkt cap ! $57.06M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.5¢ | $51.04K | 589.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 26841 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 79111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 26841 | 0.085 |
1 | 200000 | 0.084 |
2 | 15000 | 0.083 |
1 | 200000 | 0.082 |
2 | 65000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 79111 | 1 |
0.090 | 47856 | 1 |
0.092 | 25000 | 1 |
0.093 | 57818 | 1 |
0.094 | 104378 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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