Dicky I have no data available to me so can’t confirm but short/ hedge positions were at the similar level when the SP was 4 cents to what is in now and I can tell you that short positions don’t like it when the SP more then triples therefore close out. As they didn’t , one can confirm that they’re hedges. Shorters aren’t that stupid.
Give us your theory if you like?
Cheers.
IMU Price at posting:
10.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)