if you had a margin loan you could go to 180%?
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and down we go... there were big bids (126 on ASX for >$1.5m in total last time I looked @ $9.50 AUD , (about $10.40 NZD) all day, and they've just been filled in and more.
i bottom-picked earlier in the day but just sold out.
(my Mum always told me that picking my bottom was not going to end well..)
So...8 days to go to MSCI index rebalancing. One might think that the vast majority of the shorts would want to cover their position before then.
One thing is for sure...never a dull moment. On the other hand...37 years counting beans...plenty of dull moments...
I found this on short-selling on the ASX. My read is, that there has been a slight increase recently. Interesting to see that there was definitely short-covering in the original break up through $10, as there are almost no shorts left after that.
Attachment 9689
I’ve read countless posts here on ST about how investors should never try to catch falling knives. Now that ATM is falling, the only posts I am seeing are from people describing the beautiful knives they have caught or will soon catch.