GXY 0.00% $5.28 galaxy resources limited

Banter and General Comments, page-5214

  1. 11,584 Posts.
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    How long can you you keep shorting until you run out of(a) money or(b) stock to borrow. can you get to $1.70 or $1.60 without depleating your rotational stock (selling it to bargan hunters) burning your short/cover stock to limit a runaway on the 17% aggregate.

    Days with say 20 to 30% shorts that also reflect a negative impact on the sp would probably be a productive day for shorts, however I would think as we see the daily shorts increase (any number above 50% can not be covered in the same day) to say 50 to 60% with little reduction in sp would indicate they are in a deficit selling more stock than they can rotate in to cover on the day, or perhaps losing that rotational stock in short sales to genuine buyers though I think most of that cover goes through in x trades.
    So a day @ 62% shorts with a 1c drop in sp is a win for holders consecutive days of high daily shorts with minor impact on the sp indicates shorts are in a deficit spiral that will end when they run out of money or stock to sell down. They can always move the price up and buy more stock to short with but that of course costs more money. The elephant in the room is the 17% they either have stock to cover it or they dont Im thinking its not there.

 
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