Ok Guys back to basics,
A long sentiment holder sells, when he or she thinks that the market is going to fall.
A short sentiment holder buys back his shorts when he or she thinks that the market is going to rise.
Lynas has been a exclusive member of the "Top 10 short club" since it started falling from its all time highs back when it seemed $2.25 was cheap.
Now the shorts have been decreasing dramatically since it went into production, mayb thats one of the reasons the sp has been in the 60's so that the pros can buy back there shorts.
realisticly speaking the sp should gradually move upwards till the early to mid 80's in the short term and break that barrier once cash positive.
top ten shorted stocks on the asx, page-5
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $6.346B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.88 | $6.78 | $12.19M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5667 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 6940 | 5 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |