CVN 0.00% 22.0¢ carnarvon energy limited

it appears to me shorters have started to cover , if you break...

  1. 323 Posts.
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    it appears to me shorters have started to cover , if you break down the buy orders at 37c, 38c and 38.5c there are buy orders for alot of the same random numbers of shares to buy that the shorts used as sell orders for the past few months
    they also have some of these same random numbers in the sell orders from 39c upwards , but not as many , ie they have either run out of large volumes of shares to borrow to keep selling to hold price down and are basically using some of what they are buying to slow the upward movement ,
    another few cents upwards and a Positive Announcement could cause the short squeeze we have been waiting for OR they have partially covered their short positions with long positions and are not netting them off and reporting their true short figures . Ie so big squeeze wont happen .Note they still have the random sell orders in place at each level up to 43c
    Adrian if you have a Ace up your sleeve , now would be a good time to use it
    only my thoughts , so DYOR
 
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