General comments/chat, page-26936

Hi everyone, I think you need to look at this from the shorters point of view, they have been having a lot of trouble closing out their positions in ADN. Mainly because it dosn t have the volume they need to close out and not effect the share price, so every attempt saw a immediate rise in the SP.
Then along comes a Chinese hiccup and they saw a opportunity, smash the 15 c resistance line then when the price collapses buyout at 10 c.
only issue is they have now shorted another 20 million and they are just back where they started, 15c.

So their hole has now become a lot bigger, they can believe in their own spin it really doesn’t matter.
The reality is the reason they could control the price downward for so long is a direct result of very low volumes and the ability to control any up ward price pressure with more sales.

Their big advantage they had in downward pressure conversely is the Same problem they now have keeping the SP low enough to close out the positions.

it’s a time limited game with this last attempt to keep downward selling pressure starting to prove futile.

Anyway , I have been able to greatly increase my holdings over the coarse of this exercise and I certainly have no appetite to sell any time soon.

Good luck everyone