SRX 0.00% 17.5¢ sierra rutile holdings limited

Ann: Becoming a substantial holder, page-10

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  1. 1,178 Posts.
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    I think there will be even better opportunities if the big boys start to play. Having sold some a little while back at ave $37 it will be too tempting not to buy them back with a longer term view in mind.

    Just as an aside, the table below is Bellamys which the shorters have been giving a wacking since Xmas to give an idea on how the shorters may still impact SRX. As suggested in an earlier post I think it is important to have a look at www.shortman.com.au every morning after 1130 am to get a feel for what may be happening to your stocks. It will either scare you, if price is falling and shorting is quite low, or you can feel quite comfortable if the shorters are playing, IMO, provided there has been no negative news release.

    In SRX case there has been a couple of releases that the market has taken as quite negative, so a positive will turn it around very quickly.

    Bellamy's table below for reference
    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume
    1 Tue 22nd Mar, 2016 290,184 96,634,354 0.30% 1,210,596 23.97%
    2 Mon 21st Mar, 2016 80,814 96,634,354 0.08% 663,603 12.18%
    3 Fri 18th Mar, 2016 936,325 96,634,354 0.96% 4,429,693 21.14%
    4 Thu 17th Mar, 2016 316,939 96,634,354 0.32% 1,246,520 25.43%
    5 Wed 16th Mar, 2016 262,920 96,634,354 0.27% 1,046,190 25.13%
    6 Tue 15th Mar, 2016 125,434 96,634,354 0.13% 526,567 23.82%
    7 Mon 14th Mar, 2016 93,362 96,634,354 0.09% 504,147 18.52%
    8 Fri 11th Mar, 2016 108,364 96,634,354 0.11% 737,726 14.69%
    9 Thu 10th Mar, 2016 226,265 96,634,354 0.23% 1,582,809 14.30%
    10 Wed 9th Mar, 2016 113,707 96,634,354 0.11% 1,154,778 9.85%
    11 Tue 8th Mar, 2016 186,359 96,634,354 0.19% 2,129,979 8.75%

    Regards

    Rayda
 
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