cue short sold over the last few days, page-13

The current list does not include CUE so looks like they covered.

Anyway ... A couple of years ago I spent months studying short sales on the ASX for a few large traded stocks and a couple of smaller ones to see if I could draw logical conclusions.

In the end the conclusion was that the big boys can play with their holdings via shorts and the implication to small stock holders is unclear.

Here are a couple of simple reasons as applies to CUE shorts recently.

A corporate broker may be shorting junior oilers ... so they short a parcel of stocks to average the effect.

A corporate broker may be shorting oilers in general ... so included in that are smaller oilers.

A corporate broker may be taking a profit on one account that holds CUE, but doesn't want to loose the option over those shares incase it starts to run ... so they short one account by buying on another - this way they own the share in a longer term account ... if the share drops a lot - they can cover their short position in profit ... if the share rallies ... they make money on their long term account but have the shares to cover their shorts before too much damage is realised ... but essentially they get to clip the ticket twice by playing two accounts against each other at times when sales are a bit slow.

A corporate broker can panic the small holders through sending out a short signal when they are in fact neutral on the stock through buying on one account to cover on another.

Then there is the last obvious situation - its a genuine short and things are looking bad.

But ... IMHO ... CUE is not a stock anyone would want to short - no liquidity - so I'm going for a strategic broker short either against the oiler sector or to generate enough to keep their manager off their back.

Given I don't see any CUE's represented on the current list ... they shorted and covered.

Regards