NXT 0.17% $17.22 nextdc limited

Challenger have been accumulating in March and April including a...

  1. 2,959 Posts.
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    Challenger have been accumulating in March and April including a big lump of 1,172,214 shares on the 15th April after shorts had increased and SP went under $6. CGF bought over 3.7 million shares in total for their clients. That's 1.06% of the shares.
    The following 3 trading days shorts were reported as ~80%,~80% and ~60% of the trading volume. NXT is at #3 on the short top 100 as of the 17th.
    The SP went up about 20c after the big buy from CGF but has also risen another 30c after that.
    I think I missed my opportunity just before Easter as my attention was elsewhere.redface.png Probably still worth a top up.

    If the holders can avoid selling under the short pressure before the next positive announcement then the SP may get a big kick IMHO.
    Gltah



 
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