i think people are over estimating the power of short selling relative to the overall market. Short sellers have greater ability to move SP when volumes are historically low and medium sized orders can push and pull the SP with ease. With an increase in volume doing so becomes progressively difficult.
My point is that as commissioning continues and shipments are made, we'll have greater clarity as to what the mystery 'pricing mechanism' results in dollar wise. As most appreciate here, the numbers are fairly impressive. The larger end of town however would be constrained in taking large positions, as until we have some clear numbers, it's all speculation.
My thoughts are that we could see another run as was the case last year. Once we break out of this sideways trend, momentum will pick up and short sellers will hopefully lose much of their influence.
Although we still need some patience, earning potential will soon become more obvious and we'll have our major run.
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