This is some crazy action.
My theory FWIW is this is a deliberate short squeeze orchestrated by possibly those that bought Capital's shares or the instos that supported the cap raising at 2bux.
Feels like the price has been forced into a higher and higher trading range, each week/ day etc.
imagine the M2M loss the short positions are looking at? They are probably forced buyers now due to internal risk policies and limits, and the price movement at the moment is wayyyy out of their control. No ammo left to contain price with these large volumes.
I will be watching the total short position over the next few days/ weeks and if it drops substantially before any of the announcements we are expecting, might be a good time to take a bit of profit.
in the short term I think price goes a lot higher until that short position starts to go lower.
Just my opinion and probably way off the mark.
MSB Trading - 2020, page-858
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Last
$1.45 |
Change
0.065(4.69%) |
Mkt cap ! $1.655B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.50 | $1.38 | $7.016M | 4.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10425 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 44243 | 5 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |