It is heavily shorted which makes it an ideal trading stock for me. Just have to watch it closely, buy it after those big drops and ride it up again. Works well for me. Pays for my overseas trips every year.
At some stage in the not too distant future the nickel price is going to go ballistic because inventories are so low and when it does those who hold the stock will be in for a very quick and sizeable windfall as the shorters cover their bets.
I trade IGO and maintain skin in the game just for such occurrences. Just hope I am overweight with my swing trading shares when it happens.
WSA is in the same boat.
GLTA IGO holders, in the long term we have a great business with tremendous upside imo.
Quite a rebound, page-6
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 (20min delay)
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Last
$5.85 |
Change
-0.110(1.85%) |
Mkt cap ! $4.524B | |||
| Open | High | Low | Value | Volume |
| $6.00 | $6.05 | $5.85 | $11.11M | 1.861M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 33536 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.86 | 16088 | 49 |
View Market Depth
| Last trade - 15.20pm 17/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |