CUV 0.91% $15.24 clinuvel pharmaceuticals limited

Shorters biggest weakness is time in this situation. There is an...

  1. 2,829 Posts.
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    Shorters biggest weakness is time in this situation. There is an ongoing cost to hold the loaned stock.
    If they try to drop the SP, CUV will simply buy more shares for the same cost planned. Also holders will top up confidently. Slow steady buy volume at the same or lower price will put pressure on shorts to close. At some point the balance equation will flip to negative and squeeze. At that stage traders may add fuel to wring some money out of the squeeze.
    The only chance they have is to reduce holdings slowly with hf trading while planting doubt in the minds of holders wherever possible.
    If I was high net wealth I would be looking to buy heavily alongside the Co and trade off a squeeze.
 
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Last
$15.24
Change
-0.140(0.91%)
Mkt cap ! $763.5M
Open High Low Value Volume
$15.38 $15.45 $15.12 $1.775M 116.5K

Buyers (Bids)

No. Vol. Price($)
1 85 $15.20
 

Sellers (Offers)

Price($) Vol. No.
$15.28 312 1
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
CUV (ASX) Chart
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