Mates,
Once the shorts return you have to be careful, now market is not functioning the way they should.
The balance has been tipped to one side, short selling has always been part of the market, some go long and some go short, now what you see the shorts are taken out of the market and they have always been part of the market, so there are some stock like financials that have gone up a lot more than they should as the risks are still there and value are not justified anymore, and these prices are rather inflated to one side as other traders that believe in the opposite direction are banned from shorting the stocks.
When the short ban is lifted folks you better be careful, there could be some downward pressure again might not be in gold stocks but you never know.
At the end of the day defensive play like gold stocks, telstra etc should be the ones that are showing true strength, and as I said before the shorts can't do too much damage to solid,well managed and cashed up companies you can see the government around the world are panicking by banning the shorts, hey what happens when they come back.... gold is looking better by the day.
LGL looks very solid indeed.
Happy trading everyone, to the traders, investors,speculators or just the true gamblers....
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Last
$1.55 |
Change
-0.010(0.64%) |
Mkt cap ! $189.2M |
Open | High | Low | Value | Volume |
$1.56 | $1.56 | $1.55 | $33.19K | 21.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 221 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 14685 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 221 | 1.545 |
1 | 1480 | 1.540 |
1 | 1000 | 1.415 |
1 | 7092 | 1.410 |
1 | 15000 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.560 | 14685 | 1 |
1.580 | 11000 | 1 |
1.590 | 50000 | 1 |
1.850 | 1146 | 1 |
1.880 | 100000 | 1 |
Last trade - 15.57pm 02/09/2024 (20 minute delay) ? |
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LGL (ASX) Chart |