I just love that some dont think SYA is being currently...

I just love that some dont think SYA is being currently manipulated to the downside.

Its bleedingly obvious we are under manipulation still:


Shorting has jump up from 0.5% mid last year to then hit 9% over Christmas and into the new year. It has then reduced to 6%. It might not seem like much but that's 600M shares. Imagine how much weight one has when they can literally shift goal posts with this number behind them. They know what they are doing buy and sell side to manipulate it for profit, they can see those holding, stop losses and take profit data..... These people werent born yesterday. Add to this day traders that understand this market mechanic in better detail from trading data and they simply choose to side with rather than against this trend, thus amplifying it. Let us not also forget that the above is from ASIC and some especially foreign will not comply with a requirement to inform ASIC when they go short. How exactly does ASIC enforce short reporting on those in foreign countries, they hold no power there.

Some of these shares were returned to State Street on May 19th, announced to the market 23rd May, but Goldman Sachs have gone on to return and re-borrow some of these shares in subsequent announcements (ceasing to become a substantial holder/becoming a substantial holder):

19-May-23 STATE STREET BANK AND TRUST COMPANY Return of securities under a securities loan by THE GOLDMAN SACHS
GROUP – Refer Part A of Annexure C
n/a Ordinary (408,325) (408,325)
19-May-23 STATE STREET BANK AND TRUST COMPANY Return of securities under a securities loan by THE GOLDMAN SACHS
GROUP – Refer Part A of Annexure C
n/a Ordinary (23,297) (23,297)
19-May-23 STATE STREET BANK AND TRUST COMPANY Return of securities under a securities loan by THE GOLDMAN SACHS
GROUP – Refer Part A of Annexure C
n/a Ordinary (63,052) (63,052)
19-May-23 STATE STREET BANK AND TRUST COMPANY Return of securities under a securities loan by THE GOLDMAN SACHS
GROUP – Refer Part A of Annexure C
n/a Ordinary (2,502,373) (2,502,373)
19-May-23 STATE STREET BANK AND TRUST COMPANY Return of securities under a securities loan by THE GOLDMAN SACHS
GROUP – Refer Part A of Annexure C
n/a Ordinary (2,953) (2,953)

The manipulation has and will continue while the broader market juggles with Ukraine/Russian war, inflation, overcorrection from interest rates, possible recessions in some jurisdictions, did I also mention the tanking spot price that only now seems to be stabilizing or that we still have ramp up risks?

Hopefully in a couple of months to year we can see things turning in our favour. Sourcing a good CEO will be a good start!