when people choose a wrong call

This is a very important week to all shareholders.

But an event happend and probably a lot of people even notice.
Just few days before the announcement the shortselling(see bellow) was around 64,000 shares.
That number went to 206,000.

Certainly people betting that the news will not come good.
(was a wrong call)

206,000 is also irrelevant considering a weak day one single day the movement is around 800,000 or 1 m shares.Meaning the total is highly inexpressive.

But anyway,this shortselling now in place will come very fast to became a pressure in the buy side.(and in just few days or maybe today/tomorrow.

That decision was taken when the share was 5.30-5.50

At the price today(before open the market) 5.80 this group is holding at least than 7.5% losses. This is huge in just 1 week and the worst..

In 4 days they will receive indications from the company the results MEASURING the discovery will comes.

Unless a disaster happens this group probably during this 4 days will work hard to try to drop and/or probably more soon than that ,they will come with offers to buy to cover their position.




JHX JAMES HARDIE INDUSTRIES SE CDI 1:1 441,959 439,580,130 .10
KAR KAROON GAS AUSTRALIA LIMITED FPO 206,051 221,420,769 .09
KCN KINGSGATE CONSOLIDATED LIMITED. FPO 262,946 151,744,838 .17
KMD KATHMANDU HOLDINGS LIMITED FPO 42,011 200,165,940 .02


The ones that would like follow everyday the shortselling position please this is the address(and remeber the position is D-3)


http://www.asx.com.au/data/shortsell.txt

Good day to all posters

Cato(former Norberto)