What's really interesting today is that IGO is up 5.4% and keep edging higher. There is no sign that shorts are prepared to fight today. Those who took at in the short action sell over 2.5 million shares yesterday are paying the price of "being late to the party". Of course, the shorts will keep fighting and selling more once IGO share price recovers a fair amount. But it is now risky to both longs and shorts! The longs who borrow money to buy IGO would be in great stress. The shorts who came late to the party may face a huge short-squeeze if IGO goes up 15% by next week. The price of metals will always recover in the long run. In 6 more months, we probably can look back and see a bottom and no one even cares. All teh bad news now could just be an opportunity to buy some more.
The mentalist, page-56
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Last
$5.33 |
Change
0.020(0.38%) |
Mkt cap ! $4.036B | |||
| Open | High | Low | Value | Volume |
| $5.32 | $5.38 | $5.21 | $12.77M | 2.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153 | $5.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.33 | 5409 | 3 |
View Market Depth
| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| IGO (ASX) Chart |