i am dumbfounded as to how anyone could short that sort of volume, when we have HS about to spud, and have other market moving announcements/farmin in the wind. Its not as though we have gone on a massive run and have loads of premium in the shareprice.
There has to be more to it, are they shorting to themselves, and accumulating as to percieve the stock is being shorted to flush out weak hands?
Just makes no sense, they have been shorting heavily for months now around these prices, and would be even at best, yet they continually short?
On the flip side, there is going to be one hell of a short covering when we get good news, and I believe odds are in our favour.
MEO Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
