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11:57
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Originally posted by muppet655
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Looking at the Shortman.com.au cumulative short position and how it has changed relative to the SP, I'd wager that the spike to the 90's was a short squeeze/short covering event probably with a sprinkling of retail excitement thrown in, and now the SP appears happy to hover around 80 cents.
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Most would of taken AJX to be consolidating around 0.80 , 3 weeks ago when it seemed to be consolidating around 0.60 for quite some time . I agree short covering played a role in the jump to 0.90 as well as FOMO , when this is moving , its like a magnet to your wallet and if that's not enough jump on the AJX threads .
