This isn’t entirely correct. You could be a long term holder of IGO shares in your commsec brokerage account and then use your IBKR account to short IGO as a swing trade. Chuck the profits from shorting (if you profit) back into your long term account holding with commsec. Rinse and repeat.
A lot of the US originating brokerages like IBKR allow you to short stocks quite easily. I personally hold a parcel of IGO from $5.60 in a long term account but would also see the appeal of shorting it for a trade in the short term. Couple days to a week max.
You could also use the short position as a hedge for your long term position if you believe battery metals are to stay suppressed for the next few months.
Looking for the bottom, page-65
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.31 |
Change
0.040(0.76%) |
Mkt cap ! $4.021B | |||
| Open | High | Low | Value | Volume |
| $5.26 | $5.39 | $5.26 | $10.00M | 1.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 17916 | $5.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.33 | 15386 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |