I look at the ASX short sale list again.
This is for yesterday. Less share sold short but still 0.2 of the entire float was sold short. Around 27% of the volume for the day was short sale. So, the shorts put up a fight again and clearly they did that this morning.
IGO IGO LIMITED FPO 1,564,640 757,267,813 .20
But the pretty scene is that the share price ends rigth at the peak for the day at closing time. There are bottom pickers who are determined not to miss out. Certainly the shorts will conditnue to figth on and the late shorts will be burned. Only if IGO comes out with bad news again or the metal prices drop again the shorts might win this round. Otherwise, we will get a bottom slowly formed around here. Of course, we can only know it's a bottom when it has rises 20% above the low point.
I look at the ASX short sale list again.This is for yesterday....
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Last
$7.92 |
Change
0.140(1.80%) |
Mkt cap ! $5.997B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.02 | $7.84 | $28.84M | 3.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9730 | $7.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.93 | 24532 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$7.95 |
Change
0.140 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.02 | $7.84 | 1719626 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IGO (ASX) Chart |