Just to close the loop on this, as was waiting for the March 13th and 16th ASIC short reports. I just ran the numbers, and on Friday March 13th, when it was suggested that it was "the biggest short covering of all time", as the XJO finished up 4.43 pct, and up 13.66 pct from the low of that day (feel free to check my numbers), the short postions on the top 20 XJO stocks, which represent 54.78 pct of the index, increased from March 9th, by 3.57 pct, from 19.50 pct, to 23.07 pct on March 13th. The next trading day on Monday the 16th, it was 23.28 pct. So, not really short covering at all.
And as to the nasty short sellers, on Feb 20th, the day before the drop, the short position on the top 20, was 16.46 pct and on March 16th, it was 23.28 pct, an increase of 6.82 pct, where the XJO was down by 2,160 points, from 7,162 to 5,002, being 30 pct, so not really the shorters taking the market down either.. cheers![]()
- Forums
- ASX - By Stock
- XJO
- Friday March 13 - Shredding machine
Friday March 13 - Shredding machine, page-113
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,850.7 |
Change
23.900(0.31%) |
Mkt cap ! n/a |
Open | High | Low |
7,826.8 | 7,910.2 | 7,826.8 |
Featured News
XJO (ASX) Chart |