Have been wondering if Govt. policy is impacting the sector IEL operate in?
Then seeing the SP contracting, had a look @ Shortman WOW!!! - have the shorters been building!!!
Feb. 26th approx. 9%, then the run kicked in - May 27th approx. 17%
So, at what point might the shorters start to contract? Currently the SP is more than 50% below the Oct. 2021 high of approx. $37!
The SP has been in decline for more than 3 years, it's the last 18 months when the shorters appear to have continually added to their positions!
Is there anything on the horizon to shake their confidence?
This sector appears out of favour at present, just how serious is Govt. Legislation & Economic conditions damaging IEL & others with similar operations!?
Shorters building!
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Last
$15.50 |
Change
0.040(0.26%) |
Mkt cap ! $4.314B | |||
| Open | High | Low | Value | Volume |
| $15.60 | $15.64 | $15.20 | $21.49M | 1.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3240 | $15.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.51 | 3700 | 5 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |