DW8 Growth, page-3968

The shorters target SP is about 8c, about 65% retrace. Assume they borrowed 10M shares & offloaded them at 12c = 5M x 4c = $400k.

On the other hand with a big announcement they will be scrambling to buy back the shares sub 12c as each 1c over will cost them $100k.

Hold tight SP will go to 15c & we can make money off them. Put your orders in for a possible dump into 10.5c at close. If we load up the buy orders at 11c they will need to borrow heaps more shares to sell & force it down at close.