The latest data is Monday 24th. It's fairly neutral between the main insto's. I believe MS and ML have been involved with the short covering of late.
Let's put the SP in a different perspective. On the 30th January the SP opened up at $3.98 (Down 30%) Shorters started to double down by the shock downgrade. Apart from the last couple of days majority of shorts placed into the market (on or after 30th Jan) would be in negative territory.
By the latest data, insto's are buying. Regardless if they're buying on market or short covering the outcome is all the same. Same applies to retail holders if they're selling/shorting. However if management hit their targets (or outperform) a staggering 31M shorts still remain on the market.
The narrative is only about one goal, global domination. With it's fairly short listed life on the ASX (and access to capital) the company is trying to balance profitability and growth. If Aconex gains further traction, over the next several years the #1 cloud and mobile collaboration provider could morph into something really huge.
At the moment, who would you follow? The current trend indicates large brokerage firms buying stock while retail investors/traders have been selling. I know which one I'd follow.......How about you?
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