The shorts obviously love this stock but they will come a time and very soon, they will not be adding but buying hard to close their position.
They have been betting no significant news will be coming out anytime soon.
However yesterday and today the shorts are holding on their position so the buying today is new funds who have not been worried about the selling and have bought everything up. 10 cent just got dumped on but the buyers keep stepping up. Ask why? They could easily sit back and get in lower.
So far they are not scared and keep buying up. Something is happening in the background that shorters are not privy too.
Over 75mill shares gone through between 9.8 and 10c.
The shorts obviously love this stock but they will come a time...
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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.3¢ | $537.6K | 10.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 207796 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 1452903 | 6 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |