SHJ 2.45% 83.5¢ shine justice ltd

A bit of a mexican standoff today - not a single share traded...

  1. 217 Posts.
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    A bit of a mexican standoff today - not a single share traded and a significant gap.

    Spare a thought for the shorter on August 30th with a likely selling price of 93c ( below today's ask price). Good luck to him/her paying the interest to borrow the stock and getting anywhere with this liquidity, if things go the wrong way they could be finding themselves buying back the stock a paying 1$ + just to cover the gap!

    Never short a stock with such crappy liquidity unless you are dead sure of a drop and with enough volume to get out
 
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