Basically parasites is what I think you wanted to say:cool:
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I for one cannot work this one out at all? Ever try currency trading Santiago? In every trade you take a short position. Stocks are different, granted, but if you are a trader, whether you buy or sell should be immaterial surely?
I love those that short stocks as it provides for better buying opportunities as the share price is artificially depressed. Without "shorters" these opportunities would not arise.
Well... shorter should not be legal as how could one trading something you don't own in the first place... that should belong to the black market IMO.
They already have possibly long before shorty... isn't it something called insider trading... :)
Didnt even have to check the XRO share price--i could tell it went down just by the comments made today
Well, the 'hanging man' daily candle (a reversal signal) wasn't confirmed Monday and the price bolted upwards! then today surged to the 61.8% fib on morning trade and slumped to back test the massive descending trendline (breakout) in the afternoon.
This volatile daily price action can tough on the nerves, so step back for a look at the weekly. There is reason for cheer as the current weekly price range has broken out of that nasty down trendline and is currently thrashing at both sides of major seller resistance and buyer support.
This could be a massive week for XRO, either way - if it closes above the down-trendline (now support) that's a good sign, or above the 61.8% fib a great sign for the bulls. Conversely, a close below the trendline would likely see a continuation of the down trend and a back-test of recent support in the $15-16 range.
Attachment 6460
I just think betting against a company's success is unpatriotic, unamerican, unproductive, and distorts the market short term. Ok for those of us that take long positions, but shorting seems to have become a kind of blood sport on other exchanges and I hope it doesn't become that way in NZ. It drives all sorts of unhealthy behavior like poor analysis designed to spread FUD so others can take advantage of nervous investors. Like I said in my first post- it's a prejudice, maybe not rational, but I don't like it.
Maybe a glimpse of the future...
https://www.xero.com/blog/2014/11/xe...es/#more-46061