No short squeeze yet norsc.
Still above 10% of total stock shorted, and still getting daily alerts regarding % of traded shares shorted...see the table. IGO is being attacked.
Given this level of shorts continuing, the continued, really weak Ni price, the dodgy macro environment and the obvious downtrend in the share price, I just look for what is hoped are oversold days and make a quick swing trade.
If it doesn't go my way almost immediately, then I sell, hopefully minimising any loss. If it does bounce, it is sold within anything from an hour to a few days. It has definitively worked over the last 6 months.
Though I have now got a parcel I think will become a longer term hold. I'm happy with the way it has held this level and hoping for a close above $3 soon.
No real reason to believe it, but I'm hoping that was the bottom and at some point as Nova starts to deliver and maybe this low Ni price causes a shortage which IGO can take advantage of, then the real short squeeze would come.
I'd happily hold through the daily swings if the trend was obviously up.
Milesy
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Last
$5.09 |
Change
-0.110(2.12%) |
Mkt cap ! $3.937B |
Open | High | Low | Value | Volume |
$5.11 | $5.20 | $5.09 | $15.77M | 3.077M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 44376 | $5.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.10 | 48941 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 55694 | 4.840 |
9 | 75574 | 4.830 |
7 | 69191 | 4.820 |
6 | 68525 | 4.810 |
3 | 30648 | 4.800 |
Price($) | Vol. | No. |
---|---|---|
4.850 | 56769 | 5 |
4.860 | 65408 | 12 |
4.870 | 119947 | 13 |
4.880 | 69237 | 10 |
4.890 | 25230 | 4 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
IGO (ASX) Chart |