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Good News & Bad News, page-7500

  1. 8,981 Posts.
    lightbulb Created with Sketch. 4435
    Agree, US markets, thus ROW is directionless atm.

    Whinge Alert - On the shorts front, after the run up from 14 cents to 43 cents (yes 200% recovery), so I guess they would of seen that as a overbought opportunity and borrowed at or close to those highs. Some may thought the same at 35 cents, therefore averaged in at 43 cents so they can smack it back down to 35 in hope of breaking even on initial trade. But, who knows, it is such an opaque part of the market, and recent legislation means shorts no longer have to tag their buy/cover orders, only their smack down (sell) orders. IMO, it's time for new reporting mechanisms to be legislated, so all players on the market can make an informed decision before investing.


 
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