4.6 ? what next up or down? , page-13

The dilemma is that Citi still needs to buy a lot of stock to cover open shorts and they want to also accumulate for their own account the greedy blighters!

The free supply is drying up (or has already), so now all that can happen is a short term shock to the downside which they will utilise to shake holders who have just come on board (other instos) and they'll milk the current US fiscal cliff issue for all it's worth or any other hiccup that's convenient. What's more likely in my view is the PTM will come before that can happen and then we'll then see the mad scramble for stock, a massive attempt at capping the SP rise with sell side stacking, and that will play out for another 2-3 days as everyone boards the good ship Lollypop.

Perhaps there will be a break after that to slot the AGM in, followed by the cap raising, which will provide another opportunity to cover shorts as some traders sell. By the time the Karoo JORC arrives the job will be done, and then perhaps we may see a change of strategy overall. Time will tell....