Email from Cath, page-34

GO,

I can't work you out! Now I trade FX for a living and have a rule that I exit 5 minutes before news and enter no sooner than 5 minutes after news so that I don't get caught in the news event volatility. FAR is trading at the upper level of its trading range and a number of news events are possible in the near future. The fact that FAR does not meet the criteria for 99% of shorters is another baffling fact. Shorters need trending stocks with reasonable volume and volatility. FAR does not fit any of this criteria. So if you're not a normal shorter whose aim is to make money in a down trending stock then you're a shorter with ulterior motives or you're a lazy shorter that has identified a stock with active cappers and are risking your wealth on the belief that the capper will not let the stock run.

Technically there is no bull or bear case. I was happy with the way FAR traded from Monday through Thursday as the closes were dominated by the bears doing some window dressing to get a lower close. Friday, it looked like the bulls were doing the window dressing so Monday could be interesting. We just had the highest weekly volume since Dec 2nd if we disregard the weeks with the large XT's so I will be real interested to see the ASX figures for the week ending Feb 17th as I have no confidence in Shortman's figures.

I did a compilation of the shorts reported by the ASX and the shorts reported by ShortMan. As you can see, there is a huge variance. Shortman never shows the shorts covering depicted by the minus in front of the number so I wonder why everyone looks at Shortman. One thing I will note is that the shorts have covered to the lowest level for 2017 as at 13 Feb. I can only assume that Shortman's figures show gross shorts which may indicate that they do not take in to consideration any shorts covered on the day. Shortman does quote the gross outstanding shorts which do correspond with the ASX figures. Common sense dictates that if Shortman are quoting the exact same total outstanding shorts as the ASX then they are not showing the true net shorts for the day.

If you look at the below table you will note that on Feb 9th Shortman indicate that there were 964950 gross shorts traded but the ASX indicates that -647021 shorts were covered. If the ASX figures are correct which you have to assume to be because Shortman keeps publishing the ASX net short positions then 964950 shorts were entered and the ASX shows the shorts covered -647021 then the shorts actually covered 1,611,971 shorts on the day or were shorting and covering amongst themselves to the tune of 2,576,921 of the 4,468,521 of the days total volume. If the case, then the shorts are creating the illusion of an increase in volume to try and stimulate the punters to enter in the hopes of stimulating the volume which they need to close their shorts.

GO's ramping up of the bearish propaganda machine could be an indication that he/she is stuck in their short position with nowhere to hide!.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0		13-02-17	10-02-17	09-02-17	08-02-17	07-02-17	06-02-17
1	FAR	103439100	103918249	103466638	104113659	104223707	104168794
2	ASX	-479149	451611	-647021	-110048	54913	148568
3
4	ShortMan	701995	19158	964950	141274	198237	231061