Prismen
*Shorting Explained:
A quantity of NEU shares have been borrowed by a trader from an organisation and sold by the trader. At some stage this quantity of shares has to be given back to the lender by the trader. The trader is hoping that his cost to replace the borrowed shares is less than the proceeds received from the borrowed shares. This is the traders profit. A problem exists for the trader if the share price starts to rise and his cost to replace the borrowed shares increases and starts to reduce his profit.
* In the case of NEU buying back shares to replace shorted[borrowed] shares may cause the share price to increase as not many shares are normally available to buy. Trying to buy back 2M NEU shorted shares in a short space of time will most likely force the NEU share price to rise due to a lack of available shares for the shorter to acquire.
I hope this note is what you required
Kens
- Forums
- ASX - By Stock
- NEU
- Share Price
Share Price, page-9935
-
- There are more pages in this discussion • 1,901 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEU (ASX) to my watchlist
|
|||||
Last
$13.33 |
Change
-0.480(3.48%) |
Mkt cap ! $1.703B |
Open | High | Low | Value | Volume |
$13.82 | $13.91 | $13.32 | $4.989M | 369.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $13.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.41 | 1680 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 13.320 |
4 | 8758 | 13.300 |
1 | 2114 | 13.290 |
2 | 1885 | 13.280 |
1 | 2114 | 13.270 |
Price($) | Vol. | No. |
---|---|---|
13.410 | 1680 | 2 |
13.440 | 2114 | 1 |
13.450 | 215 | 1 |
13.470 | 2114 | 1 |
13.490 | 2114 | 1 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
NEU (ASX) Chart |