FMG 1.04% $20.35 fortescue ltd

short sales report, page-9

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    6-Mar-09 (friday)
    Daily Volume 10,381,851
    Short Sales Volume 5,184,572 or 49.93%
    Daily Change in Price -.79%

    Whopping 50% of sales on friday were sold short. SAles ranged approx 243 to 252, but big spikes in vol near enough to 250, so if we see a sustained run over 250, these 5 mill may cover, resulting in violent spike, then another sell down as they go short again.

    Happens regularly, just like groundhog day. Increases volumes and volatility in a big way.

    Only a small handful of stocks friday that were near 50% short, such as MAP Mac airports etc.

 
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