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This is always the case during bear markets volitility is high,...

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ehsaale

1,250 Posts.

22

21/03/20

16:19

Post #: 43622314
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Originally posted by 5speed: ↑

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

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This is always the case during bear markets

volitility is high, no one knows what is going on and so they blame any rally on short covering and any massive down day on short selling.

i can guarantee people on here who say short covering and selling without even knowing the mechanics of how it affects market action or worst what it even is.

XJO Value at posting: 4,816.6
2 Upvote

0 Great analysis

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