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14:40
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Originally posted by Silverchair:
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Also the last four days for which ASIC data is available shows open short positions increasing by a small amount on each day. The short selling hedge fund is still providing fake liquidity to keep the price under control. IMO the price would already be mid $20s since the buyback was announced and since Disc flunked their EPP trial if they had not provided massive amounts of fake liquidity via new open short positions - the increase was 500000 shares in a tightly held company that is already undervalued thanks to shorters. That is a significant increase of over 1% open shorts in just a couple of weeks, taking CUV into the top 20 most shorted where it really stands out amongst quite a few companies that may struggle to survive without capital.
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According to ShortMan, shorts have reduced a bit. I actually like the buy back strategy, by essentially telling the market they'll buy anything under $15 investors will do the work for them in an attempt to front run a large buyer. I know it's worked for me, I've been buying heavily every time this dipped to $15 and it seems others have been as well. I'm guessing they'll shift from using it to create a floor to actively buying higher and higher closer to the AGM
(20min delay)