Agree. The ef-wits still short whilst at the bottom of the price cycle and then the supply of the market dynamics is flipped on its head in one day, will probably still be stupid enough to keep shorting. The volumes we are seeing over the last couple of days are not just shorts covering but longs coming in for a safer play as well as other hedge funds recognizing the stupid position of the company being 11% shorted given the above facts.
Just need a T/O rumour to tear a new hole in some of these late shorters. The hedge funds coming in now are quite capable of generating that sort of crap.
Great Short Opportunity, page-15
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Last
32.0¢ |
Change
0.025(8.47%) |
Mkt cap ! $331.1M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.0¢ | 29.5¢ | $1.067M | 3.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6620 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 194180 | 17 |
View Market Depth
| Last trade - 14.42pm 07/10/2024 (20 minute delay) ? |
| SYR (ASX) Chart |