aax chart 05nov - looking for the next test, page-7

Hi Civaro,

Shorting basically involves large volumes of stock being 'borrowed' from a holder by traders, then sold and bought back at a lower price with the difference collected in profit.

It puts selling pressure on the stock and can drive the price lower.

IMO, shorting AAX at $2.60 with the market rallying hard was a pretty bold move. It may well bite them on the behind. I certainly hope so!!