short position

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    Last report (21/06/13) on ASIC shows shorts down to 6.3M...

    http://www.asic.gov.au/asic/asic.nsf/byheadline
    /Short+position+reports+table?openDocument


    Daily gross selling short report shows +1.1M in short selling over the 21st to the 26th...

    https://www.asxonline.com/intradoc-cgi/idcplg?IdcService=ASX_COLLECTION_DISPLAY&hasCollectionID=true&dCollectionID=68&SortField=dInDate&SortOrder=Desc

    The daily doesnt have the cumulative so may be out of Sync... what is worrying is that the shorts have covered more than 7M in stock and no price movement, furthermore they are still shorting at these levels..... How low do they think the stock will go???? Given they have judged the market to a tee.... i am getting worried..

    Potentially they can short this all the way down to 10c...given the lack of support for coal and CPL...


    time for a major to take a position - that is the only thing that will bring the SP back to a respectable level... even with a crap market we should be north of 70c.... Price manipulation at its best.




 
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