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0.93%

$2.13 polynovo limited

It's begun- Shorters beginning to close their PNV positions, page-9

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Puzzled

1,852 Posts.

367

18/06/22

10:37

Post #: 62069628
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Originally posted by tutor: ↑

That's a new one, a futures market without shorting. When you decide to take a long futures position, what is the person on the other side taking?

Stock loan temporarily increases the supply of stock, which exerts a one off decreasing pressure on prices, and increases liquidity, which tends to increase price. The long term buy and hold investors don't help liquidity or price discovery because they don't trade. The index investors aren't very much help here either because they are not price sensitive... they buy because the stock is on a list and hold it until it is removed from the list. This leaves the fundamental value players and the traders. The traders are there to provide liquidity and dont care too much for value, the fundamental players make it their business to research and understand the stock and its valuation. They step in to buy low if they think it's too cheap and sell/short if they think the price is too high. Take away any of those players and you find that your market doesn't function very well... too much of one group... also not good for market efficiency.

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The first two sentences are a misrepresentation and you know it. The discussion is about shorting using borrowed shares only.
I cannot abide con artists. Ignore on.

PNV Price at posting: $1.34 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last $2.13		Change -0.020(0.93%)		Mkt cap ! $1.471B

Open	High	Low	Value	Volume
$2.13	$2.18	$2.12	$1.325M	619.4K

Buyers (Bids)

No.	Vol.	Price($)
1	6394	$2.12

Sellers (Offers)

Price($)	Vol.	No.
$2.14	3150	1

View Market Depth

No.	Vol.	Price($)
1	6394	2.120
3	14864	2.110
9	78222	2.100
3	10332	2.090
6	16493	2.080

Price($)	Vol.	No.
2.140	3150	1
2.150	5000	1
2.160	6394	1
2.170	12937	3
2.180	2032	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

PNV (ASX) Chart