The last three days on the shortman graph show that there is no covering- it is going distinctly sideways-
At the bottom- Which did not happen on the two previous occasions, where the number jumped quickly back to where it was previously.
Given that the graph has a 4 day lag, I guess we will see what is happening in a few more days..
The drop in shorts began on the 13th June 11 days ago.
The reason for this may be as simple as 3 months sideways is not making money so time to move on.
The answer is often just simple - not some conspiracy relating to who posts on the thread-
HC is not the bible for what is really going on...
The valuation for DFE can be done by an average VWAP of the SP- given that it has been trading sideways for a while this is something to watch for imo.
Discussing the possibilities with regard to the outcomes of all these class actions is relevant- however the more complex and difficult it is to get the money even if they are successful is the real point-
If it takes several years to settle - It is almost hoping on future potential - the market does not really like that.
The only thing that caused a brief spike in the SP was the successful payment for mistreatment- Which is in itself telling -
The market is being a hard marker atm- nothing is moving unless there are concrete earnings and money in the bank---
All the blue sky stuff is getting a real reality check - two years ago things were different- not so now.
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