I noticed that the ASX short sale list shows a dramatic increase in IGO shares shorted. The shorts are piling into this alongside the sellers who want to get out. IGO ran up like crazy during the past 3 years from about $5 to $16 and it looked too far too fast. Certainly it is now very painful for the long to see it drop 50% and then probably will drop some more. It looks like we just have to forget this for a while and ride it out. When it goes back up, it will be just as meteoric like how it drops as there will be short covering and FOMO.
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The mentalist, page-39
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Last
$5.80 |
Change
0.100(1.75%) |
Mkt cap ! $4.392B |
Open | High | Low | Value | Volume |
$5.75 | $5.85 | $5.71 | $13.86M | 2.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22758 | $5.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.80 | 12207 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 13903 | 5.780 |
3 | 14138 | 5.770 |
5 | 47077 | 5.760 |
7 | 27887 | 5.750 |
9 | 10101 | 5.700 |
Price($) | Vol. | No. |
---|---|---|
5.800 | 12207 | 2 |
5.810 | 5680 | 3 |
5.830 | 16450 | 4 |
5.840 | 53390 | 6 |
5.850 | 25309 | 4 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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IGO (ASX) Chart |