Nice analogy Aster - they do like the golden shower!! However if...

Nice analogy Aster - they do like the golden shower!!

However if you check day to day change in Aggregate Shorts over last 2-3 weeks, actually shows a less decisive picture of what happening on a Net basis - some days aggregate shorts actually reducing, other days slight net increase. Tends to suggest they are range trading it while they know its stuck in pre-bids information vaccum (and it has been trading in a very tight band - unnaturally so...)




Reconciling two data sources - shows none of three big spikes (2nd Sep, 19th Aug & 11th Aug) are accurate (not physically possible given gross shorts for the day - more likely holder re-reporting old short position after some absence in reporting).

If remove all three of these get a much more stationary position on net basis. Seems to confirm range trading idea.



I think they'll continue to range trade it until significant news flow emerges to warrant significant new buying/selling - at moment they can pretty safely bully the stock around given the lack of any large/insto activity. Notice the nice chunky lid of stock that's been on offer at 10.5-11c for ever and a day - any true seller would shift the stock to meet the market, instead they stack the offer even more anytime the bid firms at 10c, and I suspect are the same buyers that move in around 9.5c level to buy back. Same game they were playing in the 15-20c days sometime back.

Very artificial market with this level of range trading shorts at work every day...