Friday and the volume that went through may have included shorters. At the moment the Shorts are looking for two things, indication of a disappointing result and indication of a positive result. The first result (disappointing result) means the shorts can sit tight. BUT ANY indication of a positive result and they have to make the decision as to buy now or wait months. We have seen this once before, when the SP went to $13, after that event there was still a large amount of shorts held, this had to be by those that missed the rise or had bought in at the pre rise price (approx 7.50), they decided to wait it out.
There has been about 20M cumulative shorts held for a while with the number going up leading into the results. The SP is now the lowest that it has been since that rise to $13 and whilst it may move around $7.50 would be a stretch, so there is a huge gamble going on here, with $100's of millions at stake.
Watch for the negatives popping up on any news and small cross trades leading teh price down. Then one almighty buy up.
Media Updates, page-178
-
- There are more pages in this discussion • 14,243 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 A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.48 |
Change
-0.110(1.67%) |
Mkt cap ! $4.684B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.64 | $6.41 | $25.96M | 4.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 103592 | $6.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 48180 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |