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WA Govt Gas Policy Report Today, page-253

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Cherry7

3,726 Posts.

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03/05/24

18:09

Post #: 73657219
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Originally posted by 618: ↑

That still doesn't make any more sense of the short selling given a lot of short selling has been done at or near current price levels. Beside it being a hedge, one would only short sell if one think a scrip is overvalued. So this logic would only actually make sense if our current price actually reflects our fair value AND it has priced in some upside from a policy change. Given our scrip is trading at a discount to fair value, let alone price in any upside from policy change, I can't imagine the a negative outcome will have much of an impact on STX.

An example... if there is one particular series of $1 stamps which could worth more if Aus Post decides to make it a limited edition. If the shortsellers are selling it at 70c because they believe Aus Post will keep mass producung those stamps, where is that sense in that? At the end of the day, the fair value for those stamps is $1 at a minimum regardless of the decision.

618

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what !.. love the way you pick up other posters knowledge and twist it ! .. suggest you do some research re shorting

STX Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 22.0¢		Change 0.005(2.33%)		Mkt cap ! $630.3M

Open	High	Low	Value	Volume
22.0¢	22.5¢	21.3¢	$1.136M	5.196M

Buyers (Bids)

No.	Vol.	Price($)
16	560988	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	779386	8

View Market Depth

No.	Vol.	Price($)
15	457734	0.215
20	1027641	0.210
17	1018841	0.205
16	1585122	0.200
19	968983	0.195

Price($)	Vol.	No.
0.220	779386	8
0.225	886326	15
0.230	2543924	24
0.235	609047	13
0.240	1517105	17

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