Just repositioned in MEL. Some idiot is naked shorting about 1m shares today below 75c....lots of key support at 70c
He has a lot of shares to buyback and very little on screen.
Could be fun. Picked some at 71c. Figured worth a punt as they just spudded a new well today and may be good for a trade to 78c.
Lets see. This was $1 a couple of days ago.
