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Cpago55

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09/06/21

12:51

Post #: 53739895
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Originally posted by Daubechies: ↑

Along with an increase in retail and institutional demand, which I think is a given, I think it's a reasonable assumption that some of the increased volume is short covering, perhaps accompanied by increased churn to dampen upwards pressure on the sp. We haven't seen much of a reduction in total shorts yet, but I doubt that institutions with significant short positions are going to show their hand and cover as they buy, as that would send a bullish signal to the market. I guess for them it's a case of whether incremental covering of short positions would end up pushing the sp up enough that it makes it more expensive to buy what's needed to cover than it is to continue paying the interest on the short position until they have all they need to cover. Anyway, just some thoughts, could be wrong, but I'll be watching for a sudden large decrease in total shorts.

On a related note, it looks to me like an effort is being made to keep the sp around $1. It could just be retail and/or institutions taking profit, but the timing of the appearance of sell orders makes me think otherwise. Whatever the case, feeling pretty good about holding ALK.

Edit: this was supposed to be a reply to Maccajohn, but it looks like he's got me on ignore lol.

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Hes moved across to svy. Recently bought in it seems.

ALK Price at posting: 99.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 52.5¢		Change -0.020(3.67%)		Mkt cap ! $317.6M

Open	High	Low	Value	Volume
54.0¢	55.0¢	52.5¢	$518.0K	968.7K

Buyers (Bids)

No.	Vol.	Price($)
6	140725	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	67758	3

View Market Depth

No.	Vol.	Price($)
5	74059	0.525
7	270095	0.520
3	36850	0.515
1	19568	0.510
1	30000	0.505

Price($)	Vol.	No.
0.540	67758	3
0.545	8558	1
0.550	56450	3
0.555	50659	2
0.560	22785	2

Last trade - 16.10pm 06/11/2024 (20 minute delay)

ALK (ASX) Chart

Share Price, page-1256

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Share Price, page-1256

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