I think that is a fair assessment. The second half of CY23 has been dominated by the shorting of the stock. The shift in narrative on domgas, the conditioning of the public via the media, is at last something powerful enough to flip the supply/demand against the shorters. As the emergence of change in policy occurred after the short positions were taken, I expect the likes of Athos to return their borrowed stock once the SOA shares issue due to the risk of TO prior to official change to policy. The unhedged shorters will be nervous.
In the background, a separate buying catalyst lurks in the form of ASX200 inclusion. When the SOA stock hits the MC next week, my live ladder has STX at roughly 210. Won't take too much more appreciation to breach the 200, domgas speculation alone should do the trick, let alone official policy change. So the big question is, who and when? Or, will STX be priced out of reach and live on as an independent. Maybe the domgas discussion has arrived just in time.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $601.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.3¢ | 20.0¢ | $1.372M | 6.640M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 1859459 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 242158 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 1841530 | 0.205 |
16 | 1000920 | 0.200 |
8 | 398531 | 0.195 |
13 | 987025 | 0.190 |
11 | 1293999 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 208762 | 22 |
0.215 | 1726092 | 32 |
0.220 | 1634630 | 19 |
0.225 | 314328 | 9 |
0.230 | 869292 | 13 |
Last trade - 13.52pm 18/09/2024 (20 minute delay) ? |
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