Why would you short Tassals *now*?, page-690

Sorry the picture didn't come up - this is the net positions held short:


And here are the course of sales today: price may be down, but there's no volume. It's larger investors trying to shake out some shares at lower prices probably (I'm not a conspiracy theorists - large holders do lots of smaller trades to reduce friction - you can see this from the trading of the likes of UBS who hold TGR).


And if you look at the depth, you have 100's of thousands of shares to be purchased at this price - but there's virtually no sellers. The big sellers aren't coming in until $3.70-$3.80. And no short sellers or large institutions who want to accumulate want the share price to run that high to get their position filled... here's the depth chart now:



Final one. You can see in the chart below that when there was news earlier this year, we had a huge number of trading days with $1m+ value and the share price went up. Since then, been no news (except positive macro stuff), and share price has fallen consistently on lower and lower volume. I'm not a chart guy, but just looks to me that until we have another catalyst with an update (August annual report I presume), there will be no real movement on any real volume. But even then, it will take a lot of news and persistent buying to break out from that $3.70-80 resistance levels.