Well, the late shorts are feeling the heat today. Another 10% to the upside and many late shorts will be truly burned. This is the danger for the shorts when it looks like the weak longs (and those buying using borrowed money) are in terrible stress. This stock had the habit of going up 70% - 100% a year after capitulation when a bottom was formed. The short covering will feed the fire. I don't know the percentage of IGO stocks shorted. Anhy one know? PLS is around 20% shorted! That is insane. The shorts seem to think these companies will just die in a year. They won't!
The mentalist, page-68
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Last
$7.84 |
Change
0.070(0.90%) |
Mkt cap ! $5.936B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.89 | $7.71 | $18.04M | 2.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11575 | $7.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 2581 | 3 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$7.85 |
Change
0.070 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $7.74 | $7.89 | $7.71 | 220043 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| IGO (ASX) Chart |