STO 0.00% $6.73 santos limited

Sure GB, but it can also get to a point where a large short...

  1. 4,537 Posts.
    lightbulb Created with Sketch. 13
    Sure GB, but it can also get to a point where a large short position becomes a target.
    And that's what we have here a very large short position in excess of 100M shares and that's of 3 days ago, so its likely to be considerably higher than that now.

    I personally like going long stocks where there are massive short position & the medium or long term fundamentals are good as those short sellers will become buyers.
    They are banking on a CR.
    I don't think they can bank on that at all.
    Its certainly possible, but not bankable.
    If they manage to get an asset away at a decent price (considering the current market) I think we will see the price rocket on short covering.
    Buying at these levels I think will pay well in the end, perhaps in just a few short days/weeks.
 
watchlist Created with Sketch. Add STO (ASX) to my watchlist
(20min delay)
Last
$6.73
Change
0.000(0.00%)
Mkt cap ! $21.85B
Open High Low Value Volume
$6.74 $6.80 $6.71 $31.87M 4.722M

Buyers (Bids)

No. Vol. Price($)
6 109761 $6.73
 

Sellers (Offers)

Price($) Vol. No.
$6.77 64413 4
View Market Depth
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
STO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.