Shorts are basically people betting against a stock, its a little complicated but its the reverse of purchasing of normal stocks.
When you buy a short, you are selling to create your position (which can force a to go sideways/downwards).
Unlike the craziness of US, ASX limits the total short ratio-to normal SOI for about 5-12% I think.
However, due to 88e having a massive SOI, the amount of shorts available/trade able is significantly increased for a typical penny stock.
The first picture shows a chart of the total shorts held / to total market cap-SOI.
Due to the complexity of shorts, this chart is T-4 delayed (4 trading days behind)
The second is a snippet of a pdf showing total gross trades of short positions. Gross trades do not show whether people are exiting or entering the trade. One way to tell is by looking at a normal chart and if the price has gone sideways/down and compare it with the gross short trades, then that is a possible sign people are shorting.
Please DYOR on shorting as its a extremely dangerous financial tool and should not be lightly.
I posts about shorts on 88e as I have a long position and if other people are sceptic as to the price direction that thses charts may help them
- Forums
- ASX - By Stock
- Shorting on 88E
Shorts are basically people betting against a stock, its a...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1.443K | 721.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
597 | 880764047 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 547848280 | 117 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 170014 | 0.003 |
598 | 881255459 | 0.002 |
161 | 799995241 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 881439 | 3 |
0.003 | 547829280 | 116 |
0.004 | 411751225 | 181 |
0.005 | 138857777 | 79 |
0.006 | 51801833 | 50 |
Last trade - 10.00am 19/06/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online