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
$13.87 |
Change
0.120(0.87%) |
Mkt cap ! $7.649B |
Open | High | Low | Value | Volume |
$13.75 | $13.87 | $13.62 | $16.71M | 1.213M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8268 | $13.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.87 | 4066 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 14.100 |
2 | 20978 | 14.070 |
2 | 25834 | 14.060 |
2 | 12129 | 14.050 |
1 | 5741 | 14.040 |
Price($) | Vol. | No. |
---|---|---|
14.110 | 5741 | 1 |
14.120 | 27754 | 3 |
14.130 | 48372 | 6 |
14.140 | 17763 | 2 |
14.150 | 3229 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
WOR (ASX) Chart |