Gidday Shipmaster Like many others ,had a substantial holding in...

Gidday Shipmaster

Like many others ,had a substantial holding in MMA in my super fund and held on too long as divies had grown over the years nicely and after trying to catch the knife a couple of times bailed out with quite a loss.

I have however kept it on my watchlists and in particular have been following the "Reported"shorts on the ShortMan website which "conveniently" is about 4 days behind so you dont really have an up to date situation but can see if a trend is forming.
Shorts have been trending down for a while now from 13% down to about 7% which was starting to get me interested , but a very strange thing happened over New Year:
Dec 30th 26.2m shares or 7.04%
Dec 31st 28.8m shares or7.99%
Jan 4th 42.9 m shares or 11.52%!!!!
Either this is an anomaly of some sort or the spivs are back in force..perhaps our resident Short expert Astroider can offer some explanation , but it has certainly stopped me from contemplating re entry.

Cheer$