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3,249 Posts.
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14/09/13
00:15
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Hotfire...
"Folks, be cautious.
Whilst the chart setup appears nice and bullish, the latest accumulated short position is worrying."
- Yes I agree Hotfire that one needs to be cautious, but sometimes the shorts can be misleading.
- For eg. Alumina (AWC) was trading at a low 64c on 18th July 2012 with total shorts at 158 million.
- Today AWC is trading at $1.01 and total shorts as of 9th Sept 2013 were at 174 million.
Just food for thought...in the end the sp will go where the big players take it (I'm just a pawn looking on).
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