That answers what happened yesterday - our mates the shorts - ok day 1 and maybe 2 to them but if we get something positive happen like the POO getting back up another dollar or so or if Santos have another sale to announce then those shorts will have to cover again like what happened last time we were down in the high 4's - 6 or so weeks ago.
BRENT is still up at $45.18 from yesterday so in theory we should see a higher sp than yesterday - but that's the damage these short guys can do to confidence and to the sentiment - come in drive the sp down scare everyone - post a whole heap off stuff on trading websites..
On the options page there's a bit more happening after next to nothing from yesterday - main bets are all North of $4.12 for November with only a couple of bets below.
The biggest volume bet by far of today on the options is $4.70 - 3000*100 = 300,000 shares the lowest bet is $3.28 with 10*100 = 1000 shares now there's confidence
Like I said though the main spread is North of $4.12
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