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So you think a bit of a short squeeze today? It wouldn't...

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Valin

6,072 Posts.

19/11/15

13:11

Post #: 16432445
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Originally posted by mainholm ↑

Shorts are having a field day with WSA. They are in control of the SP every which way but loose.

Total shorts outstanding is now 10% of total share capital and ~11.4% of free float. That puts WSA into the top 20 most shorted stocks on the ASX.

The vast majority of daily sales volumes are shorts. They range from 60%+ daily volume up to a massive 88% daily volume 2 days ago.

Looks like shorts are trading against shorts going by the daily volumes. All about churn, burn and return. Some obviously praying for a final capitulation ( is that you Val?). WSA next quarterly will be disappointing due to decline in PONi. So maybe the shorts are hoping for a late Xmas present/early Easter Bunny present with some exit stage left of investors as well?

Should be some good buying over the next 6 months or so for those wanting to bottom feed. Keep the powder dry and don't use up all the ammo in the first wave or two will be my philosophy. The volatility caused by shorts churning, burning and returning will also provide good trading for those so inclined and good enough to play the game.

All IMHO and DYOR etc etc blah blah blah.

Cheers

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So you think a bit of a short squeeze today? It wouldn't surprise me if one or two insto's are buying today. The shorters would probably be lapping it up at these prices. But who really knows?
I am expecting an almighty thump to the downside within weeks. However, I've been wrong many times before.

WSA Price at posting: $2.38 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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So you think a bit of a short squeeze today? It wouldn't...

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