yes I looked at the price action / trickle down and also at the level of Short Sales. Most importantly the level of Shorts was reflected as 24.8 Days to Cover based on the average daily trade volume
I see that as a risk to the shorters, and if all those who dont need to sell sat on the sidelines and not in the market depth, IMO that level of Days to Cover seems like it'd rerally drive the price up on any positive announcement.
To this extent the other stock I was looking at through the same lense was SPL but didn't get set in a position before some positive news came out and the price took off about 15% or thereabouts.
So the position I took was on the basis of the level being the base of the prior dip and that short scenario I mentioned, plus reading up the annual accounts etc all of the growth in the domestic business and extra supplement products being released which all sounds pretty promising.
I'm not that concerned about the China story as alot of that already seems baked into the share prices of China exposed stocks
anyway here is the Days to Cover measure, for those who didn't already know about it. (caveat this data is only available up to 4 days after the event)
Do Your Own Reasearch anyway, but maybe somethign interesting in here as a share ??
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49 | 2314894 | 0.110 |
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39 | 857888 | 0.100 |
Price($) | Vol. | No. |
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