Heavy shorts on GXY and PLS in the last two trading day... Macquarie report comes out in the last two days... someone is behind the heavy shorts....
My assumptions is macquarie shorted GXY in its high 40s two weeks ago, then released this report.... noobs are now shorting because of report, and Macquarie is covering their shorts....
There will be pain in the next two days for shorters... esp. since GXY will be in ASX200/300.
GXY Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held