stick $165.00 in the bank, page-112

The shorting and bot work was quite aggressive today so IMO a lot of shorts would have closed out today.

I was lucky i bought in at $150 by fluke but i topped up today at $160.50... i find its good to buy when the price suppression and bots are at work.

Im hoping for a good lift tomorrow after the push down today

Cant see it dragging out for much longer, maybe a week or so. If you look at the recent trading 70% of volume is shorts so if my reducing theory is correct then 140K of the volume today was shorts closing out.

If im correct and the short sales are closing not opening then currently there should be only 100-200K shorts outstanding down from 800K before the peak! Massive reduction and a good sign that they see the current levels as close to the bottom im hoping. All will be confirmed over the next 2 days on the aggregate chart , however we have already had a confirmation that up the the 13th they were reducing...see the chart on shortman it is downward drastically for short positions

IMO the SP will get a good boost after the investor briefing, its a pity they are taking so long. I also think an announcement would have helped like BAL did. (even if its just to settle the retail investors nerves)

Look at the difference in the short positions for BAL and BKL.... BAL is growing but the SP is steady
BKL is reducing hence the SP is suppressed while they try close out

http://www.shortman.com.au

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Tue 19th Apr, 2016	70,947	17,225,156	0.41%	185,013	38.35%
1	Mon 18th Apr, 2016	119,761	17,225,156	0.69%	174,595	68.59%
2	Fri 15th Apr, 2016	100,399	17,225,156	0.58%	126,544	79.34%
3	Thu 14th Apr, 2016	73,701	17,225,156	0.42%	123,502	59.68%
4	Wed 13th Apr, 2016	64,486	17,225,156	0.37%	131,763	48.94%
5	Tue 12th Apr, 2016	116,257	17,225,156	0.67%	491,753	23.64%
6	Mon 11th Apr, 2016	90,274	17,225,156	0.52%	278,601	32.40%