A few random thoughts...
After the smackdown of March(?) when we saw 40c fall to 20c, I too was perplexed by shorters continuing to hang around these past three months and try for some more price erosion. It seemed like a big risk. Like others, I fretted over 'what they knew' -- but in more recent times (courtesy posters like Stemmo and Loft) I have come to think it more as plays driven by bigger picture scenarios. I also reasoned, IF they can drive the price from 15c to 10c, then that would be a reasonable return on their stake (33% right?).
But! It seems they've possibly met their match in the eagerness of LTHs -- and I guess others -- who've seen 14c-15c as a huge buying opportunity of an over-shorted stock. If I was a shorter and I'd been running my head against a wall for little outcome (and all the while racking up a debt that needs to be covered), I'd be wondering if it was time to cut my losses.
GLTAH
- Forums
- ASX - By Stock
- General comments/chat
A few random thoughts...After the smackdown of March(?) when we...
-
- There are more pages in this discussion • 17,061 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
1.5¢ | 1.7¢ | 1.5¢ | $106.1K | 6.633M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 851259 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 2461117 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 819852 | 0.016 |
29 | 7958207 | 0.015 |
19 | 6833321 | 0.014 |
7 | 1955054 | 0.013 |
7 | 4499413 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 2461117 | 4 |
0.018 | 2082665 | 7 |
0.019 | 1095711 | 7 |
0.020 | 2835030 | 15 |
0.021 | 1778214 | 12 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
ADN (ASX) Chart |