Johnny, only way that's going to happen is an announcement which blows them out of the water on open. They won't close position until that happens as together they are too strong.
The only news which can do that is Facebook taking a 10% stake for example similar to Ten cent on APT or some other massive news. They don't just close out positions unnecessarily just in case so it could stay down for many months yet.
short squeeze., page-2
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Last
$1.12 |
Change
-0.040(3.45%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.12 | $8.947M | 7.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 124033 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
-0.040 ( 4.07 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.17 | $1.13 | 2152070 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| ZIP (ASX) Chart |