It seems to me that most of the new shorts were added from approximately $22.30 and below.
That threshold of $22.20-30 is the point where they will all be substantially underwater, at best, break even. I'm expecting an orderly exit by range-finding the shares they need to buy back - and this is the week where the new and temporary range is defined, approximately $20.00 - $21.30, following that $21.30-$22.30 in pretty close alignment to the fib bands coming off of the recent $25.95 high.
Woe betide them should any positive surprises emerge or Jon's Roadshow really fire up some deep pockets.
Share Price, page-9593
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Last
$12.94 |
Change
-0.200(1.52%) |
Mkt cap ! $1.653B | |||
| Open | High | Low | Value | Volume |
| $13.03 | $13.06 | $12.75 | $7.500M | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2300 | $12.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.96 | 2086 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |