If SP can break above 1.30, then 1.40 comes easily
I think that with 140mio already shorted, there's not much extra shares left for shorters to borrow to short, without getting charged a hefty commission by their prime broker who sets up the short.
Wait for it to happen, once one of the fundies or UBS themselves become substantial holders again, 1.50 is very likely. Shorters who are just following the crowd are betting on UBS to stop the SP rising.
Once Myer gets a takeover offer, that would be the true rocket moment
If SP can break above 1.30, then 1.40 comes easily I think that...
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Last
60.3¢ |
Change
0.003(0.42%) |
Mkt cap ! $1.041B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 59.5¢ | $2.439M | 4.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 68 | 391063 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 724898 | 20 |
View Market Depth
| Last trade - 14.27pm 26/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |