This is playing out as expected
We are halfway through the trading day, so the pattern is clear to me
The professional sharts are not having it one way, as per yesterday, as there's enough instos that are seeing value with the SP at these levels.
https://www.asx.com.au/data/shortsell.txt
It looks like ~10m short positions were closed yesterday from ~35m short positions in total.
So there's still ~25m short positions to go...
You would expect nothing less than a tussle and that's what we have atm...
However, the law of supply and demand will kick in
There wouldn't be enough sellers at this point, those SHs who were jittery had sold out
The rest are happy to see how the ODAC review actually goes
So , I would expect that we'll end up higher than the current SP of $3.16?
How far, well we just see how it plays out today
HODL
MSB Trading - Aug 2020 on, page-1359
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Last
$1.17 |
Change
-0.025(2.10%) |
Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.22 | $1.15 | $6.344M | 5.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8683 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 32999 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |