I'm sure they way up and address the risk as they see fit.
If however there simply isn't more shorts available, they wind that position up, and then re short, as they become available again.
Remember all the high volume of late, that looked like buying 85- 95 cent range. What if that was the shorts covering, and now the price has drifted lower, and there is shorts available. With the current activity showing no demand, selling short is definitely an option, add to the potential end of financial year selling and this could be a great little earner.
Where also getting unofficial news that a VP has left. What if others are set to leave and you have a few bags full of shorts to throw on that fire with what looks like no new positive news in the future, that's a good recipe to make some money wouldn't you think?
As always just a possibility of what may be unfolding here, DYOR.
Last two days trading, increase in volume, closed on their lows and now no demand....
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Last
9.4¢ |
Change
0.001(1.08%) |
Mkt cap ! $38.81M |
Open | High | Low | Value | Volume |
9.3¢ | 9.4¢ | 9.3¢ | $63.85K | 686.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 445602 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 8804 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 445602 | 0.093 |
1 | 50000 | 0.091 |
1 | 10331 | 0.090 |
2 | 41247 | 0.089 |
2 | 116000 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 8804 | 3 |
0.096 | 100000 | 1 |
0.097 | 50309 | 2 |
0.098 | 200000 | 1 |
0.100 | 116000 | 4 |
Last trade - 11.43am 12/09/2024 (20 minute delay) ? |
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SPL (ASX) Chart |