Ann: Funds Under Management - December 2022, page-50

Today's pullback caught my eye!, then I checked the level of shorts targeting PTM - ouch!!:

ASIC data trend

		Trade Date	31/01/2023	31/01/2023	30/01/2023	30/01/2023	27/01/2023	27/01/2023	25/01/2023	25/01/2023	24/01/2023
1	Product	Product Code	Reported Short Positions	% of Total Product in Issue Reported as Short Positions	Reported Short Positions	% of Total Product in Issue Reported as Short Positions	Reported Short Positions	% of Total Product in Issue Reported as Short Positions	Reported Short Positions	% of Total Product in Issue Reported as Short Positions	Reported Short Positions
2
3	PLATINUM ASSET ORDINARY	PTM	14,704,773	3	15,341,841	3	15,531,535	3	15,114,198	3	15,112,099

Feb.6th ASX Daily shorts:



Considering daily traded volumes are in recent days (millions) 4/1/2/2/1plus today - while the trend has been up shorters appear to have been growing - it hit $2.21 & we get a pullback to enable shorters to close off - presume we have some way to go for them to all be in the money!?

Of course the recent highs would have been encouragement for them to add & pulling back allows them to shed!

There's still a sizeable number of shorts in play & every SP drop works in their favour.I tend of think that shorters are "The Dark Side" (ie. delayed access to their activity, allows them to play in the shadows, they can see real time what's happening & manage their positions accordingly)

Would like to see the shorters shrink somewhat before changing my sentiment.