When I see this cr*p happen, all I think is fund managers trying to trigger margin calls and short sellers jumping on the band wagon and creating a mess. Look at BXB, RIO, same cr*p, same result, then a big jump up after a "favourable" outcome/report. This is a limited time offer.
This has been a good stock to trade. Very easy to pick the ups and downs and just go with the flow. I personally think this has nothing to do with debt and A$ (they're the normal share scare stories for private investors) but more fund managers trying to trade it in a new range in the $5 mark because they're p*ssed we keep trading it and taking money off them, while flushing scared private investors to sell out at these lower prices. The stock is easily worth $7-$8. Tell me I'm wrong. Following labours win and give it 10-20 days to settle down, watch fund managers all giving it the push it rightly deserves.
Is there any way you can tell how many short sellers have short the stock? This one stumps me but would be good indication.
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