its the shorters that can cause a meltdown IMO
An investor who buys a share for say $4 will hang on and try not to sell for $3:50 and incur a loss, however an investor(if you call them that) who has not purchased the share can sell the pants of a particular share, and push the price down to say $3 where margin calls etc come into play and the guy who paid $4 has to sell to the guy who shorted it.
There is no valid reason for a need to short shares, than to line the pockets of brokers and greedy investors.
If anyone can explain a reason why shorting is good for the companies concerned I will likke to hear it
shorting sales should be banned
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Last
$64.69 |
Change
0.850(1.33%) |
Mkt cap ! $12.54B | |||
| Open | High | Low | Value | Volume |
| $64.52 | $64.75 | $64.14 | $11.35M | 175.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $64.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.69 | 5 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |