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MBE Oversold, page-480

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billcan

1,807 Posts.

13/02/17

11:35

Post #: 22564145
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Originally posted by robbo24 ↑

I'm just having a wee look at the short numbers from Shortman.com.au for MBE: http://www.shortman.com.au/stock?q=mbe

It's interesting that there is barely any shorts reported for that day with only 17,000 shares shorted. I think it may be telling that someone with a lot of shares or a lot of people with shares decided to head for the hills.

It also suggests to me that perhaps the buying that we see/saw is people looking to hold rather than merely closing a short position.

Interesting info to ponder imo.

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you cannot really short MBE, so there was not short position to close .........

MBE Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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