Don't shorters expect a price drop, 14 million is a drop in the bucket with almost 15 billion shares on issue, but it is a bet on a drop, which implies they are not expecting good news.
I do see the point that good news will squeeze the short, so adding 14m demand on the buy side
In short selling, a position is opened by borrowing shares of a stock or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase them at a lower cost. The risk of loss on a short sale is theoretically unlimited since the price of anygood news asset can climb to infinity.
- Forums
- ASX - By Stock
- 88E
- That cat in the night
That cat in the night, page-2
-
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $31.76K | 15.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 14573501 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 473268494 | 221 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 14573501 | 0.002 |
237 | 977856209 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 473268494 | 221 |
0.004 | 276779861 | 102 |
0.005 | 111579541 | 42 |
0.006 | 36092900 | 34 |
0.007 | 24363917 | 21 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online