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WSA western areas limited

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$3.86

Yes this is the 4th most shorted stock on the ASX. Hopefully...

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mickban

12,290 Posts.

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20/06/17

13:14

Post #: 25379637
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Originally posted by copperroad ↑

The nickle price has been deliberately melted by hedge funds and speculators trying to break it down. WSA is one of the resource sectors biggest shorts as well. Indonesia played around with economics and assumed that the physical price would justify all this smelter investment. Proves that politicians are no match for reality. This is relatively fresh news, so folks in London and OS will need to awake and see what has changed. The next lot to blink, will be the shorts if she gathers momentum. Looks like that has started. dyor

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Yes this is the 4th most shorted stock on the ASX. Hopefully todays action will trigger the rest of the shorters to cover themselves and get out.

WSA Price at posting: $2.08 Sentiment: Hold Disclosure: Held
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Yes this is the 4th most shorted stock on the ASX. Hopefully...

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