General comments/chat, page-21493

Sorry for the repetition, but I feel its necessary because a lot of misinformation is being repeated about shorting.

The true volume of shorting is unknown, as intraday shorts aren't reported. See link below.

Yes, intraday shorts are bought back the same day. However, its much easier to move shares down than up, due to human psychology. When combined with an active short and distort campaign, the impact can be dramatic.

Ask yourself this. If ADN was tanking under its own steam, and the shorters are just hitching a ride, why are so many of them investing hours trolling holders? And why do they hit in waves? The answer is obvious.

If they can't get the SP down on Monday, you watch them become more shrill and vocal.

“ASX’s rules require a participant to report all outstanding net short sale positions at the end of the day. These net positions do not capture intra-day positions which have been closed-out (other than pursuant to a borrowing arrangement) by the end of that day.”

https://www.asx.com.au/documents/public-consultations/transparency_of_short_selling_and_securities_lending.pdf