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what !.. love the way you pick up other posters knowledge and...

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Cherry7

3,451 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 21.0¢		Change 0.000(0.00%)		Mkt cap ! $600.7M

Open	High	Low	Value	Volume
21.0¢	21.3¢	20.5¢	$1.402M	6.689M

Buyers (Bids)

No.	Vol.	Price($)
51	2989351	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	725156	5

View Market Depth

No.	Vol.	Price($)
50	2946964	0.205
78	4066391	0.200
27	2069881	0.195
36	1419258	0.190
13	825825	0.185

Price($)	Vol.	No.
0.210	692929	4
0.215	768004	8
0.220	3206612	15
0.225	860422	10
0.230	475372	15

Last trade - 16.10pm 18/07/2024 (20 minute delay)

STX (ASX) Chart