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barracudaking

734 Posts.

130

08/01/16

13:25

Post #: 16757233
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Originally posted by darby ↑

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$

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This is actually great news, that means someone has been buying all the shorts selling with the price even going up.

so they are in the red already with around 5% of shorts sold, once the price gets over 30 cents their cut losses will kick in and this baby should shoot up to above 50 cents in no time with little good news.

good luck to all long holders.

MRM Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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