Crown short is now approx 600,000 short in last 2 days...thats providing a lot of fuel for a very strong rally by Friday.
He has used so many manipulating tricks but with US Casinos rallying hard > 15% CWN is a massively undervalued asset...and ripe for corporate action.
James Packer at this valuation is likely to take it private like CPH...Many a financier will help him mop up.
Hope the short knows what he is doing...James is the likely buyer at 8.30 so this could close at 8.30 and open at 10.00 for a public to private bid any day.
Happy to sit tight here. Great place to park for a while. ALL trade bought me time here.
The short is massively oversold since Tuesday.
daytrade diaries... november 11 part 2, page-80
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