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.
- Forums
- ASX - By Stock
- Looking for the bottom
This isn’t entirely correct. You could be a long term holder of...
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGO (ASX) to my watchlist
|
|||||
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. |
---|---|---|
$5.58 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 47031 | 5.540 |
5 | 44297 | 5.530 |
5 | 25296 | 5.520 |
5 | 21955 | 5.510 |
19 | 31023 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.580 | 5000 | 1 |
5.590 | 13818 | 3 |
5.600 | 9793 | 1 |
5.610 | 38193 | 2 |
5.620 | 20320 | 2 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
IGO (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online