Interesting the traders followed the trend yesterday morning and piled into KAR.
Shorts went from 37 to 116,000 ...wonder what the shorts are trying to do today?
Of course they didn't fry because of the markets....but the unwinding of this position will take all day as the buyers are in no need to rush...they know they can pick it all up today basically under yesterday's price as no-one else is competing today!
Nice trap by the players yesterday i assume they would have expected shorting to take place as the SP went down also allowing them an easy number to pick off today when the news was positive
"trading", page-3
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 (20min delay)
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Last
$1.71 |
Change
-0.025(1.44%) |
Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
| $1.73 | $1.73 | $1.70 | $6.655M | 3.884M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40998 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 77392 | 2 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |