idol I think your point is a very good one. Why after a price crash following the failure of S2 &three did the shorts appear.This is not the type of behaviour you would expect -shorting after the horses bolted seems rather silly.Unless there’s another reason.Yes JL usually talking about shorts etc. Could be a waste of time.But it’s all about context and of NWE being taken over, TPD taken over, WGO taken over. Number of analyst suggesting the potential of STX being taken and more consolidation in the Perth basin. And let’s not forget Gina with 5% of STX.And this all in the context of almost 10% of the shares being shorted and at least our general consensus that the price is unlikely to drop much or at all if the current Wells fail.
trying to work out these shorts seems to me a very worthwhile endeavour.I cannot believe that these shorts are for anything but price suppression waiting for the government to give the go ahead for LNG export.Let’s see what happens once that occurs. Until then I’m hanging on.
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40 | 2435932 | 0.170 |
28 | 2075377 | 0.165 |
46 | 2181247 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 169 | 2 |
0.175 | 750738 | 6 |
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