Your definitely right on that. I came up with over 30,000,000 shares short roughly in the last couple weeks. I would bet that not even 20% covered today. I would imagine most thought with such a big jump it would come back down. So with added buyers will come shorts having to cover. They will most likely wait until resistance is broken. So they should cover in the mid to upper $.40'S. Which will add a little extra fuel to this rocket. Thank God for all the big buys. Not only for SP but it made for a major short trap. If 20,000,000 still have to cover that several days at the normal average. Could easily push it over $.50.
- Forums
- ASX - By Stock
- General: Share Price, Trades and chart related discussions
Your definitely right on that. I came up with over 30,000,000...
-
- There are more pages in this discussion • 3,313 more messages 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 GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online