Ann: Change in substantial holding, page-8

I hope you're right on the shorts rolling over @Travesco, but I'm not so sure. This chart tells me that shorts increased leading into the downgrade announcement, profits were then taken, and they have now doubled down. It is also worth noting that the recent Sate Street 604 notices were at much higher share price ($7.14?) so they are already in the money. If the results announcement on 13 November works against them, and it takes up to 15 days to cover their positions there could be a short squeeze (we can only hope!).



Management were very guarded and cautious with their most recent guidance. It would not surprise me if they were wrong again. History is not on their side.