Ann: FXL - FY20 financial results briefing, page-44

This 1.2m sell order indicates shorter is getting desperate, if SP hits 1.3, this shorter is losing money. He has to lower his average price to 1.2 to buy the shares back and return to his lender before the contract due date. Every morning at 08:30 shorter's compay will have meeting and finalise strategy for the day. The people who placed order are just following their director or manager, they are just a office clerk. Coz its not their money, they are the employees of shorter company. What is shorter company? They are the investment companies such as big one, morgan stanley, small one such as just hired a cheap office in the corner of a business building.