Thanks AC for (as usual) great and knowledgeable posts.
I have few points to raise:
- The "Morally offensive" shorting is just infuriating me
and it seems unfair (at the edge of illegal - despite your opinion on this); so, they borrow my shares without my permission to use them AGAINST me, as a holder. This push me to think the way to fight it would be to never hold shares for long periods (which is against my intentions) and continuously buy-sell, buy-sell, buy-sell..., so excluding my shares from the "borrowing pool".
- The second one is regarding the management buying shares announcements; I was very happy to see that, however at the first moment seems a bit small in my opinion and later on, looking deeper I consider it good but a bit weak, considering the volume they bought is just 1% of the bonus announced just few days prior; and this weakness is just fuel for shorters
You mentioned you never seen this level of shortening, and I agree it is crazy; like putting all the effort into this; it was 7 days in a raw with red flag alert of more than 0.5% of the total capital shorted and 4 days (out of these 7) were with more than 1% of the total capital. To be honest I haven't seen any alert on Shortman for GXY until now; and boom 7 days in a row.
Also the volume is much higher than usual, however the steam started to go off recently.
I hope this is a good sine for the SP.
