All Time HIgh Shorts, page-315

they will hold 10.2 million short position or not is the choice they have and as per Larry the term is 365 days wherher the term renewed or not we will get to know after 365 days. Ideally they should keep them short till maturity of bonds because it is hedge!

I understand that 25% hedge position was taken because bonds were considered undervalued at the time of issuance for neutralization, happy?

but because of this 100 million shorts, Instos including BOA is taking advantage and accumulating more shorts as soon as SP comes close to reference point of 9.18...I understand it has nothing to do with CN & hedge arrangement but other Instos think that this hedge (short position) will start making loss if SP goes above 9.18 on ASX which apparently doesn’t suit to the hedger if you consider hedge position only for a minute so everybody joins hand together to knock the SP down.

there is no other reason I can think of at this stage on the constant rejection of SP from $9, if you have then I want to talk about that,

We got Klarna rumor snd SP dropped twice from $9 and SP on that could go pass $10 because of the FOMO but it didn’t it bothers me why?