3.5 more trading days on from this last posting and "Shortman"...

3.5 more trading days on from this last posting and "Shortman" confirms the increased shorting activity was evident during those next two Dark Cloud days(40c down to 34c) rising to 8.56mil total shorts. BUT since then, on still even less increasing volumes, the price action has only gone another 2c lower(at today's low) of 32c. AND, only ~ 40,000 shares have been sold at that level atm ... peanuts.

So this tells me that we have a 'Mexican Standoff' ... Shorters(sellers) comfortable, Buyers (accumulators) comfortable ... and right at critical short-term support(chart and Gann 1x1 suppt). However, something has got to give; hopefully some meaningful buying(on news or pending news leak), to place pressure on shorts, and not a SP collapse. I would be surprised of the latter but have to be weary of the TA position(as shown in the chart below); for the Bulls it needs to bounce from here and soon and for the Bears a couple of Daily closes below 32c would signal a move to at least test the 27c(Fib) level if not down towards the Gann 2x1(yuk!).