I prefer that as well. I reckon a few shorters wil be experiencing a bad case of the sh1ts at the moment.
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Great finish on the ASX with a nice big order still standing........ until tomorrow
Tue 15th Jan, 2019 619,397 733,297,297 0.08% 5,595,616 11.07%
From short man...
Heavy short covering on Tuesday or should I say “panic buying” !
Shortman's shorting activity includes shorts being covered and new shorts being initiated. 11% of the volume on Tuesday is considered low for this stock, so I suspect there wasn't much covering done on Tuesday. Even if all that short activity was covering it would only account for 620K shares.
Then take into account yesterdays 3.5M shares traded of which 31% was short activity. For arguments sake even if every single one of those trades were covers, that would account for around 1.1M shares still leaving a gigantic 45M+ open shorts
I've never really understood why this stock was has been so heavily shorted, the stock was outstanding value at less than $10NZD but yet the shorting has been relentless. ATM is currently 60% of my portfolio so I would like to look at taking some profit but will wait and see how much more legs this has. The squeeze could propel this much higher, irrational volatility works both ways...
When would all these 45 million+ shorts have to be paid back by?
Have half-pie been expecting a pull-back or at least a pause for breath after the stellar run of the last week or so. But up to $12.60 on the NZX.
Main event starting at 12pm should be interesting once again......
The large ASX order still stands for now. I think we shall see a large jump in sp if that order remains and then a pull back this afternoon. The rises have been big for the last three to four days and it needs a break. Of course I don’t mind if it keeps going up.
Entering into the buyers burn zone now.Lol
just noticed a meaty sell order at $12 on ASX. Let's see if it goes above that.........
Decided to sell a few here, guessing the top is just as hard as guessing the bottom but figure it's wise to sell down a bit.