Shorting is a dangerous sport. If the share price suddenly starts rising, the broker you shorted through may demand that you buy to cover your bet. You and many other shorters buying pushes the price up further, and it can get away on you.
There is no definite limit to what you can lose when you short a stock, whereas if you buy a company you believe in the most you can lose is what you initially paid.
The shorting chart we've seen here looks like an orderly withdrawal of shorters, which is in itself a positive sign for NIC.
NIC - General discussion, page-1044
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Last
92.0¢ |
Change
0.005(0.55%) |
Mkt cap ! $3.946B | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 92.5¢ | 90.0¢ | $3.229M | 3.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67909 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 44000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |