the shorters are still having a crack each day that goes by, i will be fascinated to see if any large positions were added to or closed last week.
here's hoping we have just been seeing the final phase of accumulation by the instos and no short covering.
Before the MRE announcement there were significantly less shorts outstanding, and so not too many positions would have been stopped out.
I am sincerely hoping these parties out there that think the Ni is too low grade still have their shorts open and get wiped on the SS news.
if there are still 20 million odd shorts outstanding can't really describe how spectacular the fireworks will be when these positions are stopped out and bought back on market.
CHN chart, page-4348
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