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20.8¢ strike energy limited

WA Govt Gas Policy Report Today, page-254

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Cherry7

3,361 Posts.

253

03/05/24

19:03

Post #: 73657898
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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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btw the scots "wet dream" was not too far out was it ?

STX Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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Last 20.8¢		Change 0.008(3.75%)		Mkt cap ! $593.6M

Open	High	Low	Value	Volume
20.5¢	21.0¢	20.3¢	$751.4K	3.663M

Buyers (Bids)

No.	Vol.	Price($)
27	958549	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	1933592	56

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No.	Vol.	Price($)
28	961379	0.205
32	1946567	0.200
50	2832729	0.195
57	3686143	0.190
31	1308385	0.185

Price($)	Vol.	No.
0.210	1935011	57
0.215	592044	16
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0.225	995034	16
0.230	492738	15

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