$11.21 Australian finish, which means $11.85 finish in New Zealand dollars. Looking good for tomorrow, but understand that we could see a drop as that is a big increase
Yes agree. Might see open at $11.79ish, then from there who knows.
10 - 12 has been the range for a while punuated by false breaks on both sides. time will tell of course if its a real breakout or just more range trading
10 - 12 has been the range for a while punuated by false breaks on both sides. time will tell of course if its a real breakout or just more range trading
50m shares still shorted - will the panic set in to cover as the sp heads back to previous high?
Or will those with courage of conviction use the opportunity to double up on their shorts?
Either way, must be a sobering wake up in 2019 for the shorters who thought they would make serious bucks from the December 2018 market 'crash'?
50m shares still shorted - will the panic set in to cover as the sp heads back to previous high?
Or will those with courage of conviction use the opportunity to double up on their shorts?
Either way, must be a sobering wake up in 2019 for the shorters who thought they would make serious bucks from the December 2018 market 'crash'?
some long/short funds can hold for a long time as its part of there mandate, other will be playing the range so who knows might get an increase in shorts again as we approach the top of the range
some long/short funds can hold for a long time as its part of there mandate, other will be playing the range so who knows might get an increase in shorts again as we approach the top of the range
Those of us who have shorted know that the margin calls are the killer - so will not be a comfortable ride for shorters as ATM sp heads higher.
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