PS: no point bitching about shorters and all the other thing that are outside your control, what you can control is your emotion and the price you willing to pay, ignore everything else
shorter will eventually have to buy back and if they are lucky they can get out with good profit but if there is a sudden change in the environment
they could be caught in a short squeeze and your DCA will makes you big bucks.
The best you can do against short seller is you cut out the free float, you keep buy shares and you locked it up and don't sell
if you have 100,000 people buy 50K or 100K each and locked it up and more and more pile in and do the same, it a dead nail for short seller.
Shorting is not a sure thing, market history has plenty of examples where they get caught up in a squeeze they end up losing a lot more than they bargain for.
2008 recession saw VW short seller got caught in a squeeze back then Porsche confirmed they are buying VW shares and then a whole other army of retail investors start to buy what left is 6% free float and boys those guy got burned big time.
and Gamestop during covid $2.75 to $500 bucks as an army of reddit pile in and buy and locked up the stock, there is no way for shorter to covered except paying stock hundred of dollars for it for face complete wiped out.
our big 4 bankers has a nick name of short widow maker, for the last 15 years every time hedge fund short our banks they end up losing a few billion each.
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B |
Open | High | Low | Value | Volume |
$3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 89482 | $3.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.05 | 37502 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 31294 | 3.030 |
12 | 119629 | 3.020 |
6 | 50011 | 3.010 |
54 | 211167 | 3.000 |
11 | 153088 | 2.990 |
Price($) | Vol. | No. |
---|---|---|
3.050 | 11000 | 1 |
3.060 | 10330 | 1 |
3.070 | 36169 | 4 |
3.080 | 41571 | 4 |
3.090 | 30000 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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PLS (ASX) Chart |