An interesting statistic would be the average price the shorts sit at.
There is little doubt it is a controlled plan where they think that they have enough intel and pre warnings to have a reasonably safe exit plan.
Im thinking the average would be $1.20 - $1.30 so if they are wanting a 15 - 20% return on their investment risk then we are probably close to the tipping point.
They won’t ride the bus forever and the risk will increase as we get closer to finalising contractual agreements with fixed odds participants.
A game of chess or a game of chance.
Our friend “Nooks” would have more of an idea on all.
It is definitely his area of expertise.
BET it will sort itself out !!!!!
An interesting statistic would be the average price the shorts...
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Last
12.5¢ |
Change
0.015(13.6%) |
Mkt cap ! $120.6M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $108.3K | 894.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 92863 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 64794 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.015 ( 8.70 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.5¢ | 11.5¢ | 151623 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BET (ASX) Chart |