Well - I am having a great weekend in the West. Brilliant weather, Scorchers Winning (Sorry Strikers ) and Gina providing an upcoming Australia Day celebration next weekend for the public.
The highly technical Feng Shui prediction of a great year for Oil and Gas companies looks like it may happen for Strike before the start of the next Chinese New Year which is at the beginning of Feb. It also predicted Trump to win. An absolutely reliable methodology!
Some other people may not be having such a great weekend I guess. Our shorting friends look to be holding over 172,000,000 of shorted STX shares when I last looked at Shortman. We had 9,000,000 available on the sell side on Friday. So, to close out at that volume it would take over 17 days of trading sessions and buying all shares on offer. Stu resigning is probably a Black Swan event which was not anticipated by any of them. So, my question is to the smart people in the room.
Will the entities lending out the shares to shorters start asking for those shorted shares to be returned asap, in case the original share owning entity anticipates that they may have to vote on a motion proposed by the BOD in the very near future??
Your thoughts please?
STX Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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) and Gina providing an upcoming Australia Day celebration next weekend for the public.
(20min delay)