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3.8¢ argosy minerals limited

Please tell us about all the shorts the last time we ran to 80c....

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14,034 Posts.

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30/08/24

21:31

Post #: 75465072
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Originally posted by Rob826 ↑

That's all good and well, but it doesn't really change the fact that having shorts on the register can be an asset, as they are a demand driver for AGY shares. When that next upward leg does occur (and I agree that it will), it's inconsequential for the shorts, because they (mostly) already exited. That demand driver is gone, and all that's left is company fundamentals and lithium macro (both of which are terrible). Consider for a moment that in the last month, 15m share purchases were shorts closing out their positions. It's clearly acted as support for the share price. What happens when that support is gone, and you're still waiting for the next upward leg, because it's coming later, rather than sooner?

Never mind, I already know the answer - "I'll just buy more".

Good luck

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Please tell us about all the shorts the last time we ran to 80c.
Feel free to post some data.
Tia

AGY Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$131.9K	3.384M

Buyers (Bids)

No.	Vol.	Price($)
4	872154	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	990329	8

View Market Depth

No.	Vol.	Price($)
4	872154	0.038
5	730581	0.037
25	2570708	0.036
25	2584608	0.035
6	1226910	0.034

Price($)	Vol.	No.
0.040	990329	8
0.041	670500	6
0.042	998817	10
0.043	1577500	3
0.044	1316726	8

Last trade - 16.10pm 04/10/2024 (20 minute delay)

AGY (ASX) Chart

Please tell us about all the shorts the last time we ran to 80c....

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Please tell us about all the shorts the last time we ran to 80c....

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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