Yes they should start covering heavily now. When Irrational exuberance or just plain Greed takes them over, its too often the last trade that burns it all for them. Its pretty obvious as someone else noted, the shorts have been in and out on this covering and shorting again and again. Its not like they had one shot made a few bob and pissed off.
There also has to be some pretty massive positions in the shorts, we not talking the average punter having a go. So, I keep coming back to my thoughts that someone with more than a trading interest is lurking in the shorts.
anyway good to see this little rally holding in.
Bring on that good oil.
NUF Price at posting:
$4.13 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)