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.
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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. |
---|---|---|
$5.33 | 15386 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 17916 | 5.310 |
4 | 2372 | 5.300 |
2 | 3746 | 5.290 |
4 | 6943 | 5.280 |
4 | 48793 | 5.270 |
Price($) | Vol. | No. |
---|---|---|
5.330 | 15386 | 1 |
5.340 | 65103 | 7 |
5.350 | 27863 | 6 |
5.360 | 9909 | 1 |
5.370 | 1700 | 2 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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