FMG 1.26% $18.75 fortescue ltd

rbs research note, page-18

  1. 2,385 Posts.
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    Short report:
    197 million shares as at 31st Oct - 6.3% of the register and has been at this level for a good year now. Increase of ~20 million shares over the last few weeks. $6 this week and I'll triple my short position. Negligible short covering even when the price was under $3.
    Looked like someone got spooked today. Short squeeze.
    How many buyers will surface at $6. Not many I bet.
    Just another opportunity to get short.
 
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