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
$5.54 |
Change
-0.090(1.60%) |
Mkt cap ! $4.233B |
Open | High | Low | Value | Volume |
$5.56 | $5.65 | $5.48 | $15.56M | 2.795M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 26781 | $5.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.55 | 9515 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 30126 | 5.540 |
23 | 34938 | 5.530 |
19 | 30615 | 5.520 |
12 | 28145 | 5.510 |
24 | 37234 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.550 | 6712 | 21 |
5.560 | 33015 | 46 |
5.570 | 22495 | 16 |
5.580 | 24680 | 20 |
5.590 | 36869 | 13 |
Last trade - 15.01pm 24/07/2024 (20 minute delay) ? |
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