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

ADN

Click for more information

0.00%

1.7¢ andromeda metals limited

General comments/chat, page-17455

First 17455 Last

Share
Profile

Follow
Lilow

9,194 Posts.

2362

22/03/21

19:11

Post #: 51955481
Share

Originally posted by Hingdog ↑

So you think bubbles should be allowed to get even bigger than they currently do, so you can sell your overvalued garbage at an even higher price to some poor sucker? Shorters play a vital role in markets, not only do they keep some sort of lid on prices, they also act as a brake in market crashes ... when markets get into a panic sell, the only real buyers left in the market are shorters covering their positions, without them crashes would be even bigger, just like bubbles would be bigger on the other side of the equation.

Basically if your stock is getting heavily shorted you should be asking yourself what you've missed, if you're right and the shorters are wrong then they will get run over and have to cover at a loss(short squeeze).

Off topic to shorters, I think you're seeing the case where a stock was accumulated ahead of an index add by index funds. Now the funds have their positions and the bid has disappeared. These index funds are there to match the index, they aren't like an other funds who actually need to make a profit on their positions and will help support the price

Expand

Thank you Mr Shorter for your insights. Another one added onto the ignore list.

ADN Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

AGE

Drilling shows large-scale uranium present in Lake Eyre basin sediments, says Alligator

Bitcoin: Current State of Play & Where to Next | Swyftx

Unchanged wage growth in June quarter, but public sector leaps ahead

SVL

HotCopper users smell an end to eco-lawsuit in Silver Mines Ltd's latest stoush update – lead concerns be damned

There are more pages in this discussion • 26,890 more messages in this thread...

First 17455 Last

Add ADN (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $52.87M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.6¢	$2.139K	129.3K

Buyers (Bids)

No.	Vol.	Price($)
15	1009118	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	2695345	5

View Market Depth

No.	Vol.	Price($)
15	1009118	0.016
31	9717582	0.015
19	6047321	0.014
7	1955054	0.013
8	4499414	0.012

Price($)	Vol.	No.
0.017	2695345	5
0.018	2423498	9
0.019	1116544	7
0.020	3506697	15
0.021	1769124	11

Last trade - 16.10pm 13/08/2024 (20 minute delay)

ADN (ASX) Chart

SPONSORED BY