Having short sellers is healthy for a market. They help stop stock getting obscenely over priced. It was good to see them cut DRO down to a reasonable price. They saved people who were irrationally bidding up the stock even higher from losing a bunch more money (they lost plenty as it was). It benefits all market participants if stock prices don't become over inflated. Short sellers are part of a healthy market - that way people can bet against a stock not just for it. It allows investors to keep companies honest.
I have big long position in AL3 and hold enough shares that it would be difficult to exit my positions without moving the price. Yet, I have no problem with short-sellers being in the market. They probably made a contribution to keeping AL3 priced reasonably compared to its prospects allowing me to build a position in the stock at reasonable prices. Now that I am in, they will keep doing the same for other investors, that's ok too. I'm happy to accept a return based on improvements in the companies performance rather than hype.
Disclosure: I've shorted stock twice using put warrants. Both times I profited, but was overly cautious about a short squeeze and probably should have made at least as twice as much as I actually did. I'm also active with both short and long put and call options.
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AL3
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $147.4M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 25.0¢ | $1.063M | 4.101M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 83227 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 188471 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 83227 | 0.265 |
2 | 21000 | 0.260 |
6 | 520222 | 0.255 |
26 | 647863 | 0.250 |
16 | 520416 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 188471 | 6 |
0.275 | 100000 | 1 |
0.280 | 98000 | 4 |
0.285 | 94285 | 2 |
0.290 | 182754 | 7 |
Last trade - 16.16pm 30/07/2025 (20 minute delay) ? |
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AL3 (ASX) Chart |