People need to do lessons and learn skills for a driver's license, because driving without the skills is dangerous to yourself and others... maybe there should be a similar licensing system before people can post on HC?
"the shorts have been unwinding their positions and are almost if not all done yesterday may well have been the last of them grinding us down and buying back to remove their exposure"... that's not how it works at all.
Shorts sell shares they don;t have because they think the price is too high and will fall, based on either fundamental knowledge the stock is overpriced or because of the chart set up etc. Buying back their shorts adds to the buying, helping to raise of hold the price steady.
For two weeks the price has sold off and shorts have been steadily buying back at lower prices and locking in profits... I'm sure shorts were buying yesterday while licking their chops. They are making money while longs are losing money having sensed the pump is finished and now all trying to squeeze through the exit at the same time.
The pertinent question is why were the shorts confident to sell the price rises, and why are sellers continually outnumbering buyers pushing the price down everyday? (while shorts are reducing as you observed)... Is it because the story was overhyped and not worth $150M at this stage, or because CCP operatives on social media have created enough fear to stampede the bulls?
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $135.9M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 27.0¢ | $56.46K | 206.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29000 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 29345 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29000 | 0.265 |
5 | 217897 | 0.260 |
7 | 330093 | 0.255 |
4 | 79846 | 0.250 |
4 | 144734 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 29345 | 3 |
0.280 | 37815 | 1 |
0.285 | 2500 | 1 |
0.290 | 485750 | 4 |
0.295 | 46156 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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