I actually want to take a relatively largish position, ( for my finances anyway. ), but you are correct , the current downside risk seems FAR too high with the shorted shares outstanding.
IMO, we might see a small downtick by those retailers who are understandably nervous, BUT there is still way too much capital pushing against the SP.
A massive 5.14 double top perhaps, or something else?
EVERYTHING screams a buy, but that dark shadow is still too ominous. There just looks to be far too much soph capital, invested to the downside atm.
$4.38 was ny initial pivot to the up, but it well and truly jumped my 4.01 expected topside.
Great case study anyway, and if there IS a short squeeze, OR a short plummet, it may end up being a university study unit , once the dust finally settles.
Good News & Bad News, page-39804
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Last
$2.85 |
Change
-0.150(5.00%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.98 | $2.83 | $92.31M | 32.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 46000 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 89829 | 11 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |