Didn't know where to post this as the other threads seem to be a little redundant given the volume of activity on this thread. I can't believe how this thread is being swamped by one particular 'dubious' party (who I've named before - similarly derived nic and posting style - i.e. constant bombardment of/from another non-holder). They are not holders (none/not held - not sell/held etc) but are very concerned re ISX and always trying to challenge the content of some ISX HC posts . That poster/s has never answered my question re their motive or intent for posting on ISX. I have a theory why they post but cannot repeat it here.
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THIS ARTICLE BELOW is worth reading however - if you have a subscription-----impact of short sellers' reports/attacks on 10 ASX listed companies (doesn't include RFF, WiseTech or ISX).....
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I cannot repeat this article in its entirety due to copyright - The Australian/Weekend Australian is subscription only. Unlike 9EC’s (AFR, SMH, The Age’s etc) click bait, free access articles, The Australian newspaper strives to publish balanced, unbiased, unopinionated, legitimate, well researched and informed news/analyses etc.
A good article in The Weekend Australian – printed version 9-10 Nov 19 – well worth reading.
“Making money when short sellers miss their targets”
Tim Boreham 6:32PM November 8, 2019 (online) - 9 Comments
For those with online subscriptions to The Australian/The Weekend Australian:
https://www.theaustralian.com.au/bu...s/news-story/9d631761ea3f83c6f7db64fbf3d7a3c1
I repeat a few lines from the article (below) as I could have searched the companies etc and repeated my own findings online. I might do that when time permits and add RFF and WiseTech to the list…and retrospectively ISX once trading has resumed.
Direct quote from Tim’s article:
“Of the 10 most shorted stocks, only A2 Milk substantially lost value in August”.
Direct quote from Tim:
“Like all investors, the activist “shorters” are not always right. Or if they are, they may not prosecute their case convincingly enough to the market, or the company has a plausible rebuttal......”
[My comment - Tim’s article lists the mechanisms/parties who agree to short sell/borrow ‘held’ stock. Also mentions an impact once short positions are closed after the ‘short selling attack - which in his article for 9 out of 10 companies, was an SP rise by August 2019 - August 2019 being the closing timeframe for his article's retrospective research of the facts].
I’ll list some of the companies he mentions – if interested, look for short-selling attacks, timing of attack, result of those attacks and what the share price fell to and what it recovered to:
“Corporate Travel Management (CTD, $19.76) ….
Credit Corp (CCP, $32.29) …
Treasury Wine Estates (TWE, $17.87) …
Harvey Norman (HVN, $4.15) …
CIMIC (CIM, $33.35…
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