For anyone who is convinced that the SP was overvalued at $13, it makes sense to increase their position and add to their shorts. They may be wrong but that is the market.
Recall the dudes who shorted the housing market in the US and the price kept going against them, they just took on more and more short positions. They were proved correct.
Only time will tell who is on the right side of a trade like this.
Shorts getting smoked, page-12
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Last
17.8¢ |
Change
0.003(1.43%) |
Mkt cap ! $74.27M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 17.5¢ | $93.17K | 525.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 9993387 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1780687 | 31 |
View Market Depth
| Last trade - 10.25am 02/09/2024 (20 minute delay) ? |
| SRX (ASX) Chart |