Media Updates, page-557

Beef, if you want to know what it is like to be worried about your trades, on the date before the results, there were 29M shorts cumulative for A2M.

Now think that these guys had sold @ around $7.70 (if they were lucky) and wee positive that they woudl be able to buy back in at less than that.........

It went up to $13 on the next day, but lets say they all covered on the way up @ around average $3 loss PER SHARE......29M x $3.....OUCH.

Now in 2 days time we will be able to see on the ASIC site, how many covered and how many are sitting. This will indicate how much risk the big boys have in the game and where they may want to push teh price too.