Doesn't make sense Mitta.
They have to short from a price so lets say the price goes to new highs of say $4 then they will be paying to hold a losing position?
Remembering shorts need to pay for what they borrow unlike longs whom can simply hold shares and not have to pay for the privelage.
So they do need to cover at some point don't they...
Won't be as dramatic as one morning but they will need to exit the position as it becomes unprofitable because even at these prices if they were to take profit, the only way they can really do so is to buy the shares and give them back.
Unless they write a CFD to cover their position and let it go to hell however they will still be paying more for that and the short position.
Makes no sense.
Doesn't make sense Mitta.They have to short from a price so lets...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12791 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 13019 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |