Short term pain, long term gain
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Considering all the negative posts yesterday I was expecting short sellers to increase their positions by more than 1,616,205 shares. Disappointed by their pure lack of commitment.
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If the short sellers believed the result were that bad, they should have sold more shares.
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1.6m shares is in line with daily shorts of approximately 10% of total volume.
.Compareyesterday to aGvHD, HF or ARDs.
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aGvHD
.HF
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ARD’s
.Maybe there was something in these resultsthat made them think twice. Or maybe they are concerned about degenerates pushingup the price.
.Estimated shorts outstanding as of today53m. Shorts open profit position estimated at $28m. Breakeven point down to $3.10.
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Watch for a close above the 50MA whichis currently $2.91. This will be defended as it could be their last line ofdefence.
Short term pain, long term gain.Considering all the negative...
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Last
$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.11 | $7.363M | 6.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 94863 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |