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

WMC

Click for more information

0.00%

20.5¢ wiluna mining corporation limited.

Can you short BLK. I thought shorts were only done on the blue...

First 2513 Last

Share
Profile

Follow
Hiddenvalue

2,790 Posts.

757

11/04/18

22:44

Post #: 32391910
Share

Originally posted by Teringie ↑

The drop in the share price of blk is a joke and the recents record announcement with a slightly higher cost of production is nothing more than an opportunity for stronger hands to scare weak hands into pushing the share price lower. If the situation in Syria didn’t happen and gold remained flat then it’s more than likely the share price would have kept going lower, as we’ve seen the bears are in control. BUT something terrible is likely to happen and the safe haven of gold is going bezerk.

Tomorrow the share price of blk will also go bezerk. It’s pretty obvious but all gold stocks will rally tomorrow, blk in my opinion will rally double the others because it’s been soooo oversold. Shorters will buying like mad men to get back their position. This is one of the cheapest producing gold stocks on the asx and I can see 10 cents being challenged tomorrow. 20% increase will not be out of the question.

Just my opinion.

Expand

Can you short BLK. I thought shorts were only done on the blue chips not small caps??? Who do you think is lending the shares?

BLK Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 680 more messages in this thread...

First 2513 Last

Add WMC (ASX) to my watchlist