AGS 0.00% 17.5¢ alliance resources limited

short sellers are back

  1. 118 Posts.
    As you might have noticed the short sellers are back:

    "The current short volume is 1.6 times it's AGS historical average of 0.02%, soared 512.6% from the previous day, soared
    924.6% from a week ago and soared 1,488.1% from a month
    ago." - buysellsignals

    Their target for tomorrow: 26.5c (2 significant orders up already at this level 200,000 and 400,000 units). I have seen them pull these orders halfway through the day but more often than not it will close at this level or close to. I don't know if they triggered a stop loss or someone just shat their nickers at 32c today but it played right into their hands.

    If we get another bearish day on the broader market then I suspect AGS will close at or close to this level.

    This in no way removes my medium term bearishness on this stock.
 
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Currently unlisted public company.

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