Here's just another bit of evidence of the dirty pool being played at the moment:
I had a look at the change in total report shorts leading up to the AGM.
As noted yesterday, the day prior to the AGM, there was ~13 million decline in total shorts.
Then on the day of the AGM, there was a ~19 million
increase in total shorts reported to ASIC.
The first thing to note is the timing of the short selling. i.e. on the day of the AGM to maximise embarrassment for the board and the despair of shareholders. Indeed, quite a bit of selling happened
during the AGM. Also of note, the difference between the changes in the short positions on the 27th and 28th is ~5-6million, compared to the daily trading volume of ~7 million on the day of the AGM. Another little indicator that a concerted effort was made to depress the share price on the day of the AGM.
The second thing to note, there is a large descrepancy between the changes in shorts and the total daily trading volume.
This absense of a correspondence between daily volumes and change in shorts indicates that these figures are driven by transactions between related entities (i.e. one party is transacting between themselves and reporting 'fake' short data). This is my interpretation, at least. I've said from the start, I don't trust the short-selling data. It's being manipulated to add to fear and uncertainty, IMHO.
Do people have any alternative explanations of this data?
| STRIKE ENERGY LTD ORDINARY |
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| Trade Date | Product Code | STX | Change in total reported short position (as reported by ASIC) | Total daily trading volume |
| Day of AGM | 28/11/2024 | Reported Short Positions | 180640603 | 19041016 | 6939193 |
| 27/11/2024 | Reported Short Positions | 161599587 | -13926709 | 3810006 |
| 26/11/2024 | Reported Short Positions | 175526296 | 706761 | 2768350 |
(20min delay)