Thats a lot of shorts covering 618600...lol...what's happening today then?
7million traded in an 60c range...
look at the historical volatility on big BNB drops -
9.2M traded shares moved the price $3.30 on 16/8/07
4.8M traded shares moved the price $2.43 on 21/1/08
7.3M traded shares moved the price $2.65 on 22/1/08
Are you so sure someone is not mopping up at the expense of Mum and Dad?? Looks like supply is being removed from the market and someone is prepared to hold BNB at these levels.
Of course, lots of ranging for BNB from here...
BNB
babcock & brown limited
