First , any reason to sell in May beginning of June rather then...

First , any reason to sell in May beginning of June rather then mid to late July when markets are usually well up from May/June ?
Secondly shorts still had 16m shorts opened just a week ago and doubt they would have covered many if any of that. They will attempt to spread some FUD while they scramble to cover open positions but can't see the deal not going through or the sp not going up above 16 by early June and lMO it will likely go above 20 from July when Aussie super funds will start throwing money at it.