NS the 38m new shorts yesterday says a lot as to why our sp only went to 84c. That's 25% of the massive 152m volume.
Of course these wont necessarily add directly to the cumulative shorts as other positions may have been closed out yesterday. But still at least 25% of the trades were aimed at capping the sp.
Today looks like being no different.
The market cannot stay irrational for ever, value & fundamentals eventually must prevail.
isn't it amazing?, page-2
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 (20min delay)
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Last
$7.05 |
Change
0.290(4.29%) |
Mkt cap ! $6.505B | |||
| Open | High | Low | Value | Volume |
| $6.66 | $7.07 | $6.66 | $15.89M | 2.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 11366 | $7.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.05 | 8553 | 32 |
View Market Depth
| Last trade - 15.58pm 09/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |