I agree with all those points. I also think the price was run up to draw people in (greed) so as to have the most efficient short position possible. Fear drives the price down and accumulation resumes (typically). Profits were made on the short position either by participating in the shorts or by lending them out. The addition to the initial position can be done with profits to reduce the total risk on investment.
The big banks that lent the shares will be the ones to continue accumulation. Big banks are the ones that move stocks, not hc posters.
Motelyfool coverage was a big point of concern for me.
Ann: Ceasing to be a substantial holder from MUFG, page-35
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $436.3M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $611.1K | 262.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29735 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2938 | 1 |
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| WBT (ASX) Chart |