schmunzel, You've hit the nail on the head. Everyone was...

schmunzel,
You've hit the nail on the head. Everyone was wondering how the shorts were going to cover that huge 60m+ deficit. They are now guaranteed a steady flow of shares to be offloaded by the index fund managers over the coming weeks. The new index takes effect from 23 Dec, so we will see an orderly disposal of stock by the index funds over the next week or so.
The one thing the shorts probably hadn't counted on is the big overnight uptick on international Li shares. if this uptick turns into a run, then the shorts will competing with traders/ investors wanting to pick up GXY shares at the same time.
It would be really nice for a bullish announcement to be made today or early next week by GXY. That would really set some panic within the ranks of the shorters.
Maybe an SDV update re the pond linings (along with some other developments)??