Those that went short in Jan really got burned. They would account for 70% of the recent price spike IMHO. I do not believe the 10 million figure on 13/02. I see errors all the time (I know they are errors because they do not match the daily short data) but I believe that the short stats from the last three days will show a marked increase.... we will see.
ARI is a great trader's stock but if it goes against you it can really really hurt. Trust me, that lesson I learned the hard way. I think it will retest recent highs and then drift lower (or generally follow world markets). However, if we have a tough few days in the US then this will close the gap at 1.005 IMHO.
AGO got smashed today. If you made me choose between ARI and AGO I would hold AGO. Little debt, huge port access closer to customers.... so why did ARI not get smashed today???
ARI Price at posting:
$1.14 Sentiment: None Disclosure: Not Held