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As expected, shorts were to blame for the SP dropping to $1.27...

  1. nooks
    1,434 Posts.
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    07/05/21
    13:23
    Post #: 53017327
    As expected, shorts were to blame for the SP dropping to $1.27 on Monday with 10% of daily volume net short.
    https://hotcopper.com.au/data/attachments/3159/3159517-59dc9fa42da97243c824d4d251cfa111.jpg
    SP has rallied quickly from here back to within a few cents from all time highs. Unless this is someone's hedging strategy, they really are doing this quite badly (selling low, buying high),,,

    BET Price at posting: $1.36 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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