I was actually surprised to see Daily Gross Short Sales at only 89,623 on 1st October. I thought this number would be a lot higher. We'll see what the number is for yesterday later today when it gets released.
The market depth is misleading. If you go 5c up and down then the buy-side has 1.7M vs. 1.2M on the sell-side. I'm not going to predict where the SP will end up today as I need to understand who is doing the selling first (just retail or are some large insto's also selling) which we won't know until tomorrow when the 1st Oct broker data is released. We will potentially see some notices filed later today which could provide some insight.
FYI Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
