HGO

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6.2¢ hillgrove resources limited

Guess this upcoming quarterly profit, page-113

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27/07/24

12:28

Post #: 74943007
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Originally posted by VYR: ↑

P.S. I've given up going to the Saturday races but here is something to dream about while we wait for the Quarterly report.

Squeezing the shorters. GameStop Controversy Explained

US games retailer GameStop was at the heart of a major short selling controversy in 2021—now immortalised in a Hollywood movie called Dumb Money.

Essentially, a number of large firms and hedge funds that had shorted the company’s stock were caught in a ‘short squeeze’, fuelled by everyday investors banding together—driven by a Reddit community—to buy and hold GameStop shares.

GameStop’s market value surged to unprecedented highs, which led to huge losses for some institutional investors and gains for some individuals.

What’s a short squeeze?

Shorting relies on selling borrowed stocks. The requirement to buy back the stock at some point—to return borrowed assets—means you can theoretically lose more than you invest (to an unlimited amount) when shorting, if you’re wrong about the price falling.

If the price of a stock rises suddenly and keeps rising, it can also be difficult to find investors willing to sell the stock in order to repurchase enough to close out your position.

Lots of short sellers trying to buy a stock all at once (to minimise their losses) can also push the share price even higher and deepen short sellers’ losses—this is what’s known as a short squeeze.

Loading up the buy side early could be a good bet. The sell side has been progressively handicapped with short positions since the 17th of June. As they get loaded back into the buy side HGO will run faster and faster like a champion who is given performance enhancing drugs instead of a handicap.

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You would have to feel sorry for shorters when caught on the wrong side of history.

https://www.cartoonstock.com/cartoon?searchID=CS178687

HGO Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.2¢		Change 0.001(1.64%)		Mkt cap ! $129.9M

Open	High	Low	Value	Volume
6.1¢	6.3¢	6.1¢	$87.25K	1.401M

Buyers (Bids)

No.	Vol.	Price($)
6	314647	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	91100	1

View Market Depth

No.	Vol.	Price($)
5	303647	0.062
9	1371155	0.061
17	1599781	0.060
10	974766	0.059
7	761871	0.058

Price($)	Vol.	No.
0.063	91100	1
0.064	385300	3
0.065	292592	2
0.066	285838	4
0.067	204750	3

Last trade - 16.10pm 26/07/2024 (20 minute delay)

HGO (ASX) Chart

Guess this upcoming quarterly profit, page-113

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

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Buyers (Bids)

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Guess this upcoming quarterly profit, page-113

Top Stories

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

ASX Market Open: ASX200 to rise for Friday session | July 26

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Featured News

Buyers (Bids)

Sellers (Offers)

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