I reckon you're right FO1, the shorts are beginning to cover and they're not able to hold the share price down. Good volume coming in and there has to be another 60 million or so shorts left outstanding as a minimum I reckon. Eight percent rise today, the market will see the tick upwards and hopefully that brings more longs in to compete with the short covering. It shall be mighty interesting to see where the price stabilises at and the time frame it takes. A positive announcement in regards to a Plan B in regards to CW would be great. They must have realised some time ago that CW's terms were poor going forward so logic says they have something else in the pipeline and if so and once announced, that should put a rocket under the price...fingers crossed..GLTAH...I ain't letting this one go cheaply this time!
Takeover target?, page-10
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Last
$2.43 |
Change
0.485(24.9%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.70 | $2.32 | $138.1M | 55.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123400 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 1365 | 1 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
