It seems many shorters are ignorant of simple chart stage analysis. The time to short ACX was around $7 back in Aug, 2016. Once ACX was trading below a declining 200-day moving average, the stock was in a stage 4 downtrend. This is the time to short via borrowing stock, or CFDs.
Stage 1 smart money accumulation phase was when the 200-day started to go sideways around early Oct, 2017. When the 130-day traded above the 200-day around early Dec, 2017, ACX went into stage 2 uptrend.
ACX is currently 9th most shorted stock. They will be down a bundle after today's 44% rise. Short covering emergency.
(ACX_ALU_APT_APX_ASL_A2M_BKL_BSL_CWY_EHE_ILU_NWH_NXT_SDF_SYR)
https://www.shortman.com.au/top
Ann: Aconex Board Recommends Acquisition Proposal by Oracle, page-78
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