Ann: POSCO transaction continues to progress, page-37

I don't think the roller coaster is over.

The drop in volume in shorts seems to correspond to a share price of around high 2s and low 3s. It's like a tight range they're trying to keep it in. At least on the long term, it's still a overall rising trend year on year.

This latest announcement while heartening doesn't really give us any substantial new developments.

In my opinion only, I would expect shorts to increase towards the end of the week. Logic being the excitement of this announcement will soon wear off just like the last announcement with POSCO which imo was huge. Yet the share price still got beaten down.
It's had a crack at mid 3s several times and fails to hold or go higher. It's like whoever is trying to wear you out.

That gap at 3.70ish is really going to need a market sentiment change and a binding firm commitment with POSCO to fill imho. It's all fluff until POSCO sign on the dotted line and shows us the money.