Every graph tells a story.Aggregated gross shorts are subject to...

Every graph tells a story.Aggregated gross shorts are subject to the T+4 rule, so we get that picture 4 days late. But it's necessary to juxtapose accurately, so if we go back to Friday 11th Oct, we can see what has been going on in shortland. From 11th September to 11th October, we can see a sideways movement in the aggregate gross shorts. Apart from the fact that this has topped out the relentless rise in aggregate gross shorts since April 24, it points to another interesting comparison.

Gross shorts as a percentage of volume (that would be on the sell side, obviously) have been averaging app 60% over the last 20 trading sessions.For the aggregate gross shorts to move sideways, despite this intense pressure, it must mean there has been a relatively equal number of short positions being closed out.. So, while there is still intense interest in FMG, the shorters are equivocating for the time being- selling and buying back in equal numbers (though possibly timing this strategically)..

This sideways movement of the sp over the last month or so- between 8.16 and 9.10 really is about longs getting shaken out by the swings, more so than a concerted effort by the shorters- who are simply churning positions. What will be the cicuit breaker? An outstanding AGM and QI production report.might help. And aren't both of these events due rather soon?