And some don't understand how an auction works. If the current price or what is on offer is not accepted a lower one eventually will be if necessary or there is no sale. What market anywhere ever relied upon the sale of anything that was never owned to begin with?
Your observation is absolute nonsense. Short selling is not necessary by any means. It's become a lazy opportunity for those that don't have the stamina to study an investment and become part of its success by choosing wisely and holding. GameStop shorters were taught a huge lesson by those that despise the practice and they won't be the last to get severely burnt.
Our GameStop day is coming and many will be celebrating while some will be crying. Shorting at a time when anything could skyrocket the SP on any given trading moment is a dangerous game IMO. There will be no mercy because most investors don't support the practice of promoting a valuable business to fail. Where's your key purpose when this takes place and bankruptcies occur?
GLTAH
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Last
$1.38 |
Change
-0.023(1.60%) |
Mkt cap ! $3.351B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.39 | $1.36 | $4.176M | 3.034M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 83698 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 180983 | 67 |
View Market Depth
| Last trade - 13.48pm 24/05/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
-0.023 ( 1.83 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.39 | $1.36 | 1025320 | ||
| Last updated 14.07pm 24/05/2024 ? | |||||
| LTR (ASX) Chart |