The short sale figure for yesterday was really small. It was an up-day so it looks like the shorts paused to consider the risk. Today, IGO goes up again and that puts all the short positions set up when IGO was around 5.50 come under stress. The risk is mounting for the late shorts. It looks promising. If IGO rocket up to 7+ after the July report, these short positions will become under severe stress and that is when it is good for the long. It will force a short-squeeze.
Looking for the bottom, page-64
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Last
$5.54 |
Change
-0.090(1.60%) |
Mkt cap ! $4.195B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.65 | $5.48 | $25.43M | 4.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 47031 | $5.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.58 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |