WOR 0.79% $13.75 worley limited

News: WOR Worleyparsons clarifies on news article; says no equity raising plans, page-25

  1. 450 Posts.
    I never understand retail punters fascination with shorts? The shorts have been in the green for over a year. Do we all jump in and say - wow the shorts had a good day today - for 12 months? So, after the short sellers may have benefited from a 90% fall in some stocks, a 10% swing back up is just a blip. Remember that a stock short sold at A$10, that goes to A$1 would give 90% return. If that stock then rallies 90% it goes to A$1.9 - hardly hurting the guy that is A$9 in the green.

    Short selling is just people betting on downside, maybe as a pure short, but often as a hedge against another ticker or position - or also quite often as collateral for derivative positions.

    I seriously feel that concentrating on short sellers to any extent is detrimental to your investment decisions. Probably better looking at sentiment and worrying whether buyers want in or not...
 
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Last
$13.75
Change
-0.110(0.79%)
Mkt cap ! $7.649B
Open High Low Value Volume
$13.90 $13.91 $13.71 $17.07M 1.236M

Buyers (Bids)

No. Vol. Price($)
41 4723 $13.74
 

Sellers (Offers)

Price($) Vol. No.
$13.75 7324 42
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Last trade - 15.19pm 28/11/2024 (20 minute delay) ?
WOR (ASX) Chart
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